PAKISTAN: Garment exports to the US held up by invoice checks
US customs officers in New York are more stringently checking Pakistani garment imports amid suspicions their invoice value is more than the actual value.
They believe that Pakistani exporters might be trying to get undue benefits from the 6% R&D subsidy offered by the Pakistani government on exports of knitted and woven garments by inflating invoice values.
However, Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) former chairman Ejaz Khokhar told just-style that the US authorities have not yet provided any evidence on the matter.
He also urged the government of Pakistan to intervene through the Embassy of Pakistan in Washington and the Commercial Counsellor in New York before the checks hold up exports any further.
By Ahmed Abdullah.
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