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Exporters to get new incentives in budget: DTRE scheme being revamped

ISLAMABAD (June 08 2004): The Central Board of Revenue (CBR) will give new incentives to the exporters under the revamped Duty and Tax Remission for Export (DTRE) Rules to be announced in the budget.

Sources told Business Recorder here on Monday that the CBR has given final touches to the revised DTRE rules taking into account the recommendations of all stakeholders. All necessary DTRE clarifications issued from time to time would be incorporated in the revised rules, they said.

The CBR is also examining a budget proposal to simplify the name of the DTRE scheme, which is presently very lengthy and complex.

To facilitate domestic suppliers of raw materials/inputs dealing with exporters registered under the DTRE scheme, the CBR will set up exclusive counters in the Collectorates of Sales Tax for handling sales tax related issues.

The CBR is also developing a software for electronic filing of declarations/statements by the exporters under DTRE scheme from next year.

The CBR is working on all formats computer compatible in the forthcoming budget facilitating electronic filing of statements under DTRE scheme.

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