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: firstname.lastname@example.org
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,
Enclosed: as above.