Pakistan and Iran Sign MoU For Electronic Exchange of Data
The FBR & Iran Customs have signed a Memorandum of Understanding (MoU) for the electronic exchange of data on real-time basis. This has been done to curb under and over-invoicing on goods.
The MoU was signed by a member of Pakistan’s Customs, Javed Ghani, and Iran’s Director General of Information Technology Department, Haideh Bagheripour. The ceremony was also attended by acting Chairperson Federal Board of Revenue, (FBR) Nausheen Javaid Amjad, and Ambassador of Iran in Pakistan, Mohammad Ali Hosseini.
The latest development is a result of the Customs Mutual Assistance Agreement between the two neighboring countries that was signed in 2004. The two countries also agreed to introduce a fully automated system, which will have advance information on the goods/passengers at the Taftan-Mirjaveh Border stations and at other border stations.
Furthermore, in the case of exporting or importing of goods, the relevant authorities of the two countries would share the values or documents on a real-time basis.
The Acting Chairperson, Federal Board of Revenue, (FBR) Nausheen Javaid Amjad, said that the MoU would have many positive outcomes for both countries. She added that the accurate valuation of imported goods would also generate more revenue.
The Ambassador of Iran to Pakistan, Mr. Mohammad Ali Hosseini, congratulated the authorities of both countries for signing the historic MoU. He added that there are a number of important areas where
After signing of the MoU, the agreement was exchanged between relevant officers of Iran Customs and Federal Board of Revenue.
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