FBR withdraws regulatory duty to facilitate exporters

Islamabad: Federal Board of Revenue (FBR), in a bid to facilitate the Pakistani exporters, has decided to withdraw the regulatory duty on (lead) goods manufactured from imported raw materials.

A notification issued by FBR here said that the Federal Government has amended Notification No. SRO-594(I)/2009 dated June 25, 2009.

The notification further said, "Provided that no regulatory duty shall be levied on export of goods produced from the material imported (except locally procured material) under the facility of DTRE as provided under sub-chapter
7 of chapter XII of the Customs Rules, 2001, or the scheme of manufacturing bonds as licensed under chapter XV of the said Rules.”

This Notification, the FBR said facilitates exporters by withdrawing regulatory duty on (lead) goods manufactured from imported raw materials.

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Posted by Fayyaz Yaseen on Aug 11 2012. Filed under Business, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry