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Daily
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Karachi, Sat December 17, 2016
ISLAMABAD
M ARSHAD
www.customsbulletin.com
T
he Federal Board of Revenue (FBR) has been taking a number of measures under a strategy to enhance export by raising gross production of value added good and Pinished products in the country. These measures include issuance of SRO’s, reduction of duty, sales tax as well as customs duty as well as facilities offered to exporters especially in the form
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of prioritized payment of sales tax refunds. A well placed source at FBR told Customs Today that in 2013-14, an SRO 809 was issued to give an incentive duty free import of textile machinery to importers. Moreover, exporters were given draw-back for local taxes and levies on textile products on FOR values and their enhanced export if increased beyond 10% (over last year’s export) at 4% on garments, 2% on made up and 1% on processed fabric. The source further said that FBR lowered the rates of sales tax for exporters as well as introduced and expeditious refund system for manufacturers-cum-exporters. The system performed well and produced good results in the increased tune and value of exports especially exports of textile products. The source said that the benePit of Drawback of Local Taxes and Levies Scheme remained available for the exporters in the Piscal year 201516.
‘Cash-dogs’, metal detectors installed at airport to detect fake currency, gold
Rawalpindi Customs Intelligence seizes dried fruits, other goods worth Rs 8m
'Pakistan does not view Chabahar port as competition'
Customs I&I impounds non-customs paid luxury vehicles worth Rs 20m
Hyderabad ASO seizes cigarettes, vehicle worth Rs 2 million
TheCustomsPreventivehasmadeeffective measures to curb smuggling of gold | See pAge 02 |
TheDGofCustomsIntelligence,Rawalpindi, hasseized18,476kilogrammesmuggled | See pAge 03 |
In a bid to pacify growing anxiety regarding the development of Chabahar | See pAge 04 |
Customs I&I team on Monday impounded four non-customs paid luxury vehicles | See pAge 14 |
The Customs ASO confiscated smuggled cigarettes andToyota Corolla worth Rs 2 m | See pAge 16 |