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
Ref. No. PHMA/Cir-089/2014
Dated: 24th November, 2014
TO ALL MEMBERS OF THE ASSOCIATION
DRAWBACK OF LOCAL TAXES AND LEVIES 2014-15
To be allowed on 10% increase in exports during 2013-14 over previous year 2012-13
State Bank of Pakistan has issued circular No.9 of 2014 dated 19.11.2014 (attached) in term of Ministry of Textile Industry’s Notification No. 1(41)TID/14-RDA dated October 22 2014 (attached) relating to Drawback Of Local Taxes and Levies 2014-15 on eligible product lines, eligibility criteria and procedure for filing claims etc. specified in the attached MINTEX Notification
Subject scheme is allowing 4% on Garments Category, 2% on Made up category and 1% on Processed fabric category on enhanced exports during 2013-14 over the previous year i.e. 2012-13 (subject to minimum of 10% increase over previous year).
Concerned Members are advised to prepare their applications on Annexure-II of Notification and get Bank verification on Appendix-I. Last date of submission of applications is 31st March 2015.
In view of the fact that the above exercise involves extensive work, immediate action by members is required.
Thanks & Best Regards,
Muhammad Babar Khan