CBR extends duty drawback facility to bedwear industry

Published on 1/10/2003

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ISLAMABAD (January 10 2003) : Brining six new items in the duty drawback regime, the Central Board of Revenue (CBR) has allowed duty drawback on the export of different types of bleached/dyed or printed blended made-ups from January 8, 2003.

Previously, the duty drawback facility on such made-ups was only available to M/s Gohar Internationals Faisalabad.

On the request of Pakistan Bedwear Manufacturers and Exporters Association, Karachi, the duty drawback has been extended the benefit to the entire industry.

The CBR has issued two notifications (SRO 34 and SRO 35) to amend the standard SRO. 412(I)/2001 and rescinded SRO 551(I)/2001 here on Thursday.

The repayment of duty would be 1.97 percent of the fob value on the export of 100 percent cotton grey made-ups filled with polyester staple fibre or hollow and polypropylene; 2.18 percent of the fob value on 100 percent cotton bleach made-ups filled with polyester staple fibre or hollow and polypropylene; 3.32 percent of the fob value on 100 percent cotton dyed or printed made-ups filled with polyester staple fibre or hollow and polypropylene; 3.88 percent of the fob value on grey blended made-ups (all blends of polyester staple fibre) filled with polyester staple fibre or hollow and polypropylene; 4.17 percent of the fob value on bleach blended made-ups (all blends of polyester staple fibre) filled with polyester staple fibre or hollow and polypropylene and repayment of duty would be 5.16 percent of the fob value on dyed or printed blended made-ups (all blends of polyester staple fibre) filled with polyester staple fibre or hollow and polypropylene.

Courtesy of Business Recorder

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