Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has warned of strict action against the import of Indian-origin products in the country using regional ports. He said that the tax authority is noticing import circumvention with respect to goods of Indian origin. As per the World Trade Organization (WTO), rules of origin are the criteria needed to determine the national source of a product.
As determining where a product comes from is no longer easy when raw materials are purchased from around the globe thus, rules of origin are therefore needed to attribute one country of origin to each product.
Source: Pro Pakistani