ISLAMABAD (June 29 2003) : The Central Board of Revenue (CBR) has given duty drawback on export of luxury/multicolour tissues, toilet rolls, staple pins, PVC pipe fittings, polypropylene/polyethylene pipes and PVC/fabrics tape from June 26, 2003.
The CBR has also revised duty drawback rates on the export of ballpoint pens.
The CBR has included new schedules in the standard notifications SRO.415(I)/2001 through five notifications issued here on Saturday.
Sources said that the decision would not only enhance exports, but would also attract fresh investment for these sectors.
Previously, individual companies were only enjoying duty drawback on export of these goods, whereas now the CBR has standardised the facility for all concerned sectors.
Duty drawback on export of luxury tissues would be Rs 0.30 per carton of 1000 tissues; multicolour tissues, Rs 0.43 per carton of 1000 tissues; perfumed tissues, Rs 0.30 per carton of 1000 tissues; classic tissues, Rs 0.26 per carton of 1000 tissues; supreme tissues, Rs 0.24 per carton of 1000 tissues; pocket pack tissues, Rs 0.67 per carton of 1000 tissues and duty drawback on toilet rolls would be Rs 0.23 per carton of 1000 tissues.
Previously, the duty drawback on the export of tissues was only available to Packages Limited. Now, any exporter can avail the facility.
According to another amendment in SRO.415 (I)/2001, the duty drawback on export of PVC pipe fittings would be Rs 9.42 per kilogram; polypropylene green pipes, Rs 12.25 per kilogram; polyethylene black pipes for water application, Rs 8.18 per kilogram; and duty drawback on export of polyethylene yellow pipes for gas application would be Rs 9.54 per kilogram.
Similarly, the manufacturers-cum-exporters of staple pins can avail duty drawback at the rate of Rs 12.48 per 20 packets and 7.91 percent of the fob value on export of glue (adhesive) packed in plastic bottles.
The duty drawback on export of PVC tape based first-aid bandages would be 7.96 percent of the value and fabrics tape based first aid bandages would be 9.93 percent of the fob value.
Furthermore, the duty drawback on export of ballpoint pens would be 2.23 percent of the fob value; tips of ballpoint pens, 2.95 percent of the fob value and duty drawback on export of fibre-tipped pens or markers would be 4.79 percent of the fob value.
