Outline four ways through which a government could prevent loss of revenue from imports

      

Outline four ways through which a government could prevent loss of revenue from imports

  

Answers


Wilfred
- Correct valuation of imports such that there is no under valuation.
- Impose stiff penalties on customs duty defaulters.
- Destruction of counterfeit goods which could be of low value compared to the original goods.
- Tightening controls at the point of entry to eradicate corruption among customs officers.
- Adequate documentation using import declaration form importer code numbers, personal identification numbers and clean report of findings.
- Use of information systems that are up to date and secure to capture all import data very
fast and to give timely reports on duty payable
Wilfykil answered the question on February 15, 2019 at 05:59


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