Though there is a disadvantage of s

Though there is a disadvantage of state regulations compliance, particularly tax and labor regulations, the
sector plays an important role in the society by providing jobs and reducing unemployment and underemployment.
It also boosts entrepreneurial activity, helps to alleviate poverty and improve standards of living to the society. It is
from this background that this paper defined ICBT as the process or activities of importing and exporting
legitimately produced goods and services, which are directly or indirectly escaped from the regulatory framework
for taxation and other procedures set by the government. These activities are often not recorded or incorrectly
unrecorded into official national statistics of the trading countries.