PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS ASSOCIATION

37-H, BLOCK-6 P.E.C.H.S., KARACHI-PAKISTAN

TEL: 0092-21-34522769, 34522685, 34544765 FAX: 0092-21-34543774

E-MAIL: info@phmaonline.com   URL www.phmaonline.com

Ref. No. PHMA/Cir-093/2016
Dated: 19^th November, 2016

TO ALL MEMBERS OF THE ASSOCIATION

Drawback of Local Taxes and Levies 2016-17

This is to inform our valued members that Ministry of Textile Industry, vide Notification No.1(41)TID/14-RDA dated 14^th November, 2016 has announced 4% Drawback of Local Taxes and Levies Scheme on FOB realized value of 10% incremental exports during 2015-16 as compared to 2014-15 (copy attached).

PHMA Counters are now set to receive Applications for processing of DLTL claims as per below schedule.

SCHEDULE

Last date for receiving of Applications at PHMA Counters: 15^th March, 2017.

Last date of submission of claims to nominated bank: 31^st March, 2017

Last date for the claim applications to reach State Bank of Pakistan: 30^th April, 2017

The service charges for processing and authenticating the claim application at PHMA will be 1% of claim amount subject to minimum Rs 10,000/=.

Thanks & Best Regards,

Yunus Bin Aiyoob