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Export rebate allowed on 26 cosmetic items

ISLAMABAD (July 27 2003) : Bringing cosmetic industry within the duty drawback regime, the Central Board of Revenue (CBR) has given duty drawback on the export of cosmetic products from July 24, 2003.

The CBR has standardised 26 new items, including creams, tonics, shampoos, oil and powders widely used by the general public.

The extension of duty drawback on export of these products would also attract investors in the cosmetic sector enhancing exports.

The CBR has amended standard SRO 415 through a notification issued here on Saturday.

The duty drawback would be 7.48 percent of the f o b value on the export of after wax lotion; 7.10 percent of the fob value on bleach cream; 3.52 percent of the fob value on oxidising emulsion; 2.97 percent of the fob value of nail enamel remover; 5.10 percent of the fob value of shampoos; 5.16 percent of the fob value baby eau de cologne; 7.13 percent of the fob value bay lotion; 3.83 percent of the fob value baby powder; 7.04 percent of the fob value on hair conditioning concentrate; 6.62 percent of the fob value for hair grooming mask; 4.20 percent of the fob value baby bath; 5.48 percent of the fob value baby zinc and castor oil lotion; 5.70 percent of the fob value scrub cream; 6.82 percent of the fob value baby oil; 4.79 percent of the fob value baby shampoo; 4.08 percent of the fob value triple or double action cleanser; 3.16 percent of the fob value massage cream; 3.83 percent of the fob value mud mask; 5.70 percent of the fob value cleansing cream; 6.27 percent of the fob value skin tonic; 5.25 percent of the fob value hand and body lotion; 8.67 percent of the fob value epilatory wax and duty drawback would be 4.23 percent of the fob value on the export of astringent (skin toner).

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