KARACHI  - President of the KCCI, Abdullah Zaki has expressed deep concerns over Custom Collectorate’s valuation guidelines on imported goods.

He said industry rejects these unjust guidelines as such malpractices are being implemented by few customs officials with a view to harass the importers.

President KCCI requested Federal Finance Minister Ishaq Dar to take notice of these malpractices by Custom Collectorate Karachi and refrain them from issuing such unfair valuation guidelines.

Imposing these valuation guidelines for Karachi based importers only will result in shifting the imports to other illegal sources whereas majority of the import businesses located in Karachi city will terribly suffer, he said, adding that the situation may also trigger shortages of raw materials and will have a negative impact on overall economic performance of the country.

He said that the business community will not accept these guidelines on plain papers as these illegal valuation guidelines, which are directly affect the import businesses, are usually imposed without taking the stakeholders on board. Abdullah Zaki urged Federal Finance Minister, Ishaq Dar to immediately intervene in this pressing matter and order Custom Collectorate Karachi to refrain from issuing such illegal guidelines which are prepared overnight by some Custom officials and imposed on the business community.