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Drawback on artificial leather reduced

ISLAMABAD (October 23 2004): The Central Board of Revenue (CBR) has reduced duty drawback on the export of artificial leather (PVC binding material) from October 22, 2004.

The CBR has replaced Schedule LXXXV of the standard SRO.415(I)/2001 of June 18, 2001 through a notification issued on Friday.

According to the notification, the duty drawback will be 2.09 percent of the fob value on the export of artificial leather (PVC binding material).

The CBR has used powers under clause (c ) of section 21 of the Custom Act, 1969 to implement the decision.

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