PAKISTAN HOSIERY MANUFACTURERS & EXPORTERS
ASSOCIATION
PHMA House, 37-H, Block-6, P.E.C.H.S, Karachi.
Tel: 0092-21-34522769, 34522685, 34544765
Fax: 0092-21-34543774, E-mail: info@phmaonline.com
Ref.
No. PHMA/Cir-065/2017
Dated: 23rd October, 2017
To: All Members of the Association
(Southern Zone)
Duty Drawback of Taxes Order 2017-18
PM EXPORT PACKAGE
We
are attaching herewith Duty Drawback of Taxes Order 2017-18 of Ministry of
Textile vide Notification No. 1(42-A)TID/17-TR-II dated 20th October
2017 relating to Prime Minister Export Package for Exporters on export of
Textile items.
1.
Now exporters of knitwear garments and woven
can file claims @ 3.5% i.e. 50% of prescribed rate of FOB value for shipments
made from 1.7.2017 to 30.6.2018 without condition of increment as per previous
procedure. For other textile items also claim will be 50% of the prescribed
rates.
2.
On achieving 10% growth in exports during
2017-18 over the last year, the exporters will claim incentive @3.5% or at the
rate to be determined under clause 1(4)(c) of the SRO.
3.
Additional 2% drawback is allowed on exports
to NON-TRADITIONAL markets as listed in S.R.O.
4.
Claim applications procedure
will be circulated after issuance of circular by State Bank of Pakistan.
Thanks & regards,
Khadim Rasool
Secretary General
Enclosed: as above.
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