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Drawback on footwear reduced

ISLAMABAD (August 18 2004): The Central Board of Revenue (CBR) has reduced duty drawback on export of leather and synthetic footwear and canvas/textile footwear from August 17, 2004.

The CBR has amended standard SRO 413(I)/2001 through SRO (I)/2001 issued here on Tuesday.

The duty drawback has been reduced on the export of canvas or textile shoes with rubber sole (all varieties and sizes) from 5 percent of the fob value to 3.81 percent of the fob value; leather footwear including chappals and sandals with leather upper and leather sole (all varieties and sizes) from 3.96 percent of the fob value to 3.70 percent of the fob value; leather footwear including chappals, sandals and slippers with leather upper and PU or PVC or rubber or TPR sole (all varieties and sizes) from 6 percent of the fob value to 4.84 percent of the fob value; synthetic footwear including chappals, sandals and slippers with synthetic upper (artificial leather) and PU or PVC or rubber or TPR or PVC or rubber sole (all varieties and sizes) from 3.92 percent of the fob value to 3.36 percent of the fob value and duty drawback has been reduced on the export of PVC injections moulded footwear (all varieties and sizes) from 0.53 percent of the fob value to 0.48 percent of the fob value.

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