Businessmen seek realistic customs valuation system
LAHORE: Stakeholders from various business sectors have called for a transparent, consistent and business-friendly customs valuation mechanism based on actual international market prices and transaction data, warning that unrealistic assessments and procedural delays are increasing the cost of doing business and hampering industrial and trade activities. The demand was raised during a…
Businessmen from various sectors have called for a more realistic customs valuation system based on actual international market prices and transaction data during a consultative session at the Lahore Chamber of Commerce and Industry. The stakeholders, including representatives from the Directorate General of Customs Valuation, Lahore, and the All Pakistan Customs Clearing Agents Association, emphasized the need for a transparent, consistent, and business-friendly mechanism.
They expressed concerns over unrealistic assessments and procedural delays, which they believe are increasing the cost of doing business and hampering industrial and trade activities. The LCCI President highlighted the importance of effective consultation with stakeholders and a faster, more efficient clearance mechanism.
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