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Textile exports under SRO 410 to continue

KARACHI (January 03 2003) : The Customs will continue to allow till further notice temporary imports meant for textile export under the SRO 410, which was due to expire on December 31, textile exporters said on Thursday.

They said that their temporary imports were cleared duty-free by the Customs on Wednesday (January 1).

The issue of expiry of the SRO 410 was raised by the Chairman, Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea), Zubair Parekh, to the Minister of Commerce, Humayun Akhtar, at a meeting in Karachi, who said that the duty-free import of the accessories required for the export manufacturing would come to a halt on December 31, 2002, as the relevant SRO would expire.

The Minster on the spot directed the Commerce Secretary to take up the matter with the Central Board of Revenue (CBR) to continue to allow temporary imports beyond December 31, 2002 until a new system was introduced.

Earlier, the CBR had appealed to the textile exporters to enlist them in the new system of Duty Tax Remission Rules for Export (DTRE) for enjoying the facility of duty-free import of accessories as the relevant SRO 410 would expire on December 31.

Zubair Parekh has thanked the Commerce Minister and Commerce Secretary for resolving an important problem faced by the textile value-added exporters.

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