ISLAMABAD, Oct 3 (APP):Senate Standing Committee on Commerce and Textile Industry Thursday stressed the need for eliminating under-voicing to check money-laundering through trade of IT equipment. The committee which met with Mirza Muhammad Afradi, was of the opinion that this would promote business and help economic development. It observed that the Customs Department of the Federal Board of Revenue (FBR) should give the businessman some time to continue with the …
Senate body for eliminating IT under-invoicing
ISLAMABAD, Oct 3 (APP):Senate Standing Committee on Commerce and Textile Industry Thursday stressed the need for eliminating under-voicing to check money-laundering through trade of IT equipment.
The committee which met with Mirza Muhammad Afradi, was of the opinion that this would promote business and help economic development.
It observed that the Customs Department of the Federal Board of Revenue (FBR) should give the businessman some time to continue with the sales of products without Computerized National Identity Card (CNIC) provision condition.
The chairman recommended that the CNIC condition should be postponed for the time being.
