Through e-mail

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-023/2015

Dated: 20^th February, 2015

TO ALL MEMBERS OF THE ASSOCIATION

4% Drawback of Local Taxes and Levies Scheme

This is to inform all our valued members that Government had announced 4% Drawback of Local Taxes and Levies Scheme on FOB realized value of 10% incremental exports during 2013-14 as compared to 2012-13.

Kindly note that “Only Weighted Average Customer Exchange rate issued by Domestic Markets and Monetary Management Department of State Bank of Pakistan (SBP) on the date of realization will be used for all transactions. http://www.sbp.org.pk/ecodata/Rates/WAR/WAR-History.asp

PHMA counter are now set to receive applications for processing the DLTL claims.

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

Last date for the claim applications to reach State Bank of Pakistan is 31st March 2015 while the last date for receiving at PHMA Counter is 15th March, 2015.

Thanks & Best Regards,

Muhammad Babar Khan

Chairman

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[*] This is an electronic email and does not require any signature.