Home / Knowledge / News / Duty drawback claims piling up due to lack of funds - PLGMEA
Duty drawback claims piling up due to lack of funds - PLGMEA
12
Jan '09
Mr. Fawad Ijaz Khan Chairman Pakistan Leather Garment Manufacturers & Exporters Association (PLGMEA) stated that funds amounting to millions of Rupees are stuck up with Customs & Sales Tax Collectorates since last several months. Mr. Fawad stated that there has been no payment of Duty Drawback from the Karachi Collectorate since last one month.

Lot of Duty Drawback claims of Leather Garment Exporters are already processed but due to lack of funds the cheques are not being issued by Karachi Export Collectorate. Similarly the Sales Tax refunds of Exporters are also not being paid from the Sales Tax Collectorate Karachi. The situation is much worse for Sialkot based Leather Garment Exporters. There has been no refund of Sales Tax since last three months from the Sales Tax Collectorate Gujranwala.

Mr. Fawad stated that all these refund payments are withheld by the Government so that the Net Revenues of FBR can be increased. The members of PLGMEA have met Mr. Ahmed Waqar, Chairman FBR and apprised him of huge amount of refunds of Leather Garment Exporters blocked with FBR. PLGMEA is also in contact with the Customs & Sales Tax Collectorates in Karachi but still the Exporters refund payments are not being released.

Mr. Fawad stated that because of Global Recession the retail sales of Leather Garment in Europe and North America are about 30% down as compared to last year and therefore the Leather Garment Exporters are not receiving repeat orders from their Customers which is resulting in loss of Exports and causing liquidity crisis.

The Leather Garment Export which were showing 4% growth from July – Oct 2008 over July – Oct 2007 have sharply declined during November 2008 by 35% over November 2007. The Exports of Leather Garments during July – November 2008 have declined by about 8% to US$ 198 million from US$ 215 million during July – November 2007.

Mr. Fawad urged the FBR Chairman to urgently look into this matter of grave concern for exporters and issue instructions for expediting the release of stuck up refunds with the Customs & Sales Tax Collectorates.


Pakistan Leather Garment Manufacturers & Exporters Association

Must ReadView All

Courtesy: Applied DNA Sciences

Apparel/Garments | On 24th Feb 2017

SigNatureT DNA can help prevent apparel counterfeiting

SigNatureT DNA is forensic molecular tag by Applied DNA Sciences...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search