05-11-2008, 02:56 AM
<b>33pc of exports are fake, minister told</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->KARACHI, May 9 : The federal commerce minister was briefed about the issue of fraudulent exports in a meeting of the Export Advisory Committee held in Islamabad recently to discuss the new trade policy.
Shahid Khaqan Abbasi was informed that certain exporters mis-declared their goods to take undue advantage of the export incentives. They are sending cotton/textile waste in the name of leather garments to claim higher rate of duty drawback, a source privy to the meeting told Dawn.
They said that the mis-declaration was possible because under Customs Administrative Reforms (CARe) no physical examination of goods is carried out by the customs officials.<!--QuoteEnd--><!--QuoteEEnd-->
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