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Duty drawback hike for Pak textile & apparel exports
23 Nov '16
1 min read
Vide a new notification, the Pakistan ministry of textiles has allowed producers cum exporters of textiles and apparel to avail 1-4 per cent drawback of local taxes and levies (DLTL). The drawback will be available on yearly basis, on FOB values for enhanced exports of shipments made during 2015-16, if it has increased 10 per cent over last fiscal's exports.
“1 per cent drawback would be made available on product lines of processed fabrics, 2 per cent on products in made-ups category and 4 per cent in products of apparel category, subject to eligibility in all product lines,” the notification said.
All companies who want to avail the drawback have to be registered with the ministry of textiles and will provide any information related to its operations as and when required by the ministry.
The textile associations will be accountable for certifying the genuineness of the information provided by the exporters, who will also exercise due meticulousness to ensure authenticity of the documents. (AR)
“1 per cent drawback would be made available on product lines of processed fabrics, 2 per cent on products in made-ups category and 4 per cent in products of apparel category, subject to eligibility in all product lines,” the notification said.
All companies who want to avail the drawback have to be registered with the ministry of textiles and will provide any information related to its operations as and when required by the ministry.
The textile associations will be accountable for certifying the genuineness of the information provided by the exporters, who will also exercise due meticulousness to ensure authenticity of the documents. (AR)
Fibre2Fashion News Desk – India
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