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Mechanism not finalised yet with China Customs on EDI: Collector Saeed Akram

Mechanism not finalised yet with China Customs on EDI: Collector Saeed Akram

KARACHI: Pakistan Customs has not yet finalised any mechanism to implement Electronic Data Interchange (EDI) with China Customs.

This was disclosed by collector appraisement (East) Saeed Akram at a meeting of FPCCI’s Standing Committee on Customs at Federation House on the other day.

He said vision behind exchange of trade data with China was nothing but to get correct information regarding declaration, descriptions, quantity and values of goods; adding that the mechanism in this regard was yet to be finalised with Customs China.

He was optimistic saying that after its implementation, Pakistan Customs would be able to eradicate the menace of under and over invoicing. Furthermore, he said there was huge difference between export values of goods from China and declared values in Pakistan and hoped that it would be Herculean task to transfer money through Hawala, Hundi or other illegal means after implementation data exchange mechanism between the two countries.

S M Muneer and FPCCI office-bearers also attended the meeting and discussed issues being faced by the business community.