LIVE launched to check under-invoicing.

ISLAMABAD -- PakisAtan Customs has launchAed an indigenously developed LinkAing InternatioAnal Value (LIVE) automated system to control the perennial problem of under-invoicing as part of reforms to facilitate trade and businesses.

Developed by the Directorate of Reforms and Automation team, LIVE has been integrated with the Web-Based One CusAtoms (WeBOC) system. OverhauAling the existing system for improving the assessment of imported goods is one of the main objectives of the current reform efforts.

The automated system has been made part of the prime minister's strategic roadmap for plugging revenue leakages and reducing the tax gap.

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Karachi Chamber of Commerce and Industry (KCCI) have responded positively to operationalisation of LIVE from Jan 1, a senior...