Examinetion and verification risks occur due to improper handling of declarations ans ptysical verification of goods by Customs officials. Study the following case very carculuy, and answer the questions that foliow.

Nishoju Company Lta has deciared the importation of disassembled food processing plart onginating from South Africa. In the process of vetting this declaration you noted that The import duty and VAT were not payable under this declaration. You were also suspicious about the value being declared to be higher than the prevailing market price. Ycu decided to suspend the declaration remarking in the IQS pending for value verification. The importer responded by insisting that the declared value is proper. He further expounded that there is no motive behind exaggerating the value because there is no duty payable under deciaration of the plant.

a$)$ What is your decision on justification from the importer? $(4$Marks$)$

b$)$ How do you consider the overstatement of value will have effect on tax revenue under this deciaration? $(4$Marks$)$

c$)$ Identify other four risk indicators associated with this declaration and explain ham you would scrutinize them before releasing the consignment $(16$Marks$).$