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Drawback on diesel generating sets reduced

ISLAMABAD (August 20 2004): The Central Board of Revenue (CBR) has reduced duty drawback on the export of diesel generating sets from August 19, 2004.

The duty drawback on the export of liquid glucose and rice gluten protein concentrate has also been reduced.

The CBR has amended SRO 414(I)/2001 and SRO 415(I)/2001 through issuance of two notifications issued here on Thursday.

The duty drawback on the export of diesel generating sets has been reduced from 10.62 percent of the fob value to 9.82 percent of the fob value.

According to another notification, the duty drawback has been reduced on the export of liquid glucose from 0.38 percent of the fob value to 0.32 percent of the fob value and duty drawback has been reduced on the export of rice gluten (rice) protein concentrate/rice meal from 0.34 percent of the fob value to 0.28 percent of the fob value.

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