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Two companies allowed export rebate

ISLAMABAD (July 19 2003) : The Central Board of Revenue (CBR) has given duty drawback to two companies engaged in manufacture-cum-export of defence equipment and accessories and plaster of paris bandages, respectively.

The CBR has issued SRO 669(I)/2003 and SRO 700(I)/2003 to extend DDB facility to these companies.

Wah Nobel (Pvt) Limited would avail duty drawback on the export of detonating cord, safety fuse and emulsion explosive from July 3, 2002.

The extent of repayment of duty would be Rs 1.23 per metre on the export of detonating cord, Rs 0.31 per metre on safety fuse and Rs 2.82 per metre on export of emulsion explosive.

The raw material includes penthrite (PETN), PVC compound, black powder, wax blended, emulsifier, co-emulsifier, ammonium nitrate, sodium nitrate, aluminum powder and microspheres.

BSN Medical (Pvt) Ltd can enjoy duty drawback on export of plaster of Paris bandages exported during December 2000-July 2, 2003.

The extent of repayment of duty would be 4.97 percent of the fob value on the export of said product.

The CBR has also issued another SRO standardising duty drawback on export of plaster of Paris bandages from July 2, 2002.

The repayment of duty would be 4.97 percent of the fob value on the export of this item for the entire industry.

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