ISLAMABAD (July 23 2004): The Central Board of Revenue (CBR) has decided to increase duty drawback rates on the export of wide range of polyester staple fibre-based textile products, including 100 percent polyester staple fibre yarn and polyester-viscose staple fibre blended yarn from July 1, 2004.
The government on Thursday announced that the revised duty drawback rates in the man-made fibre sector recently announced by the CBR are being reviewed. New improved drawback rates will be announced in a few days, which would be retrospective from July 1, 2004.
The textile sector strongly contested drastic reduction in duty drawback rates of PSF-based textile products and declared SRO 605 (I)/2004 as killer notification for the entire textile sector.
The enhanced duty drawback rates on PSF-based textile products were applicable up to June 30, 2004. Through a new notification, the rates were brought at par with the existing duty structure.
Keeping in view the demand of textile industry, the CBR has once again amended Schedule-II, Schedule-VI and Schedule-XXXVI of the standard SRO 412 (I)/2001 through a new notification for increasing rates on man-made fibre products.
Sources said that the Input Output Coefficient Organisation (IOCO), Karachi has started working on the new duty drawback rates, which would be notified in a few days.
THE RATES WOULD BE ENHANCED ON THE FOLLOWING TEXTILE PRODUCTS: grey blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 15 percent polyester staple fibre and 85 percent cotton to 25 percent polyester staple fibre and 75 percent cotton); grey blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 30 percent polyester staple fibre and 70 percent cotton to 45 percent polyester staple fibre and 55 percent cotton); grey blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 50 percent polyester staple fibre and 50 percent cotton to 60 percent polyester staple fibre and 40 percent cotton); grey blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 65 percent polyester staple fibre and 35 percent cotton to 80 percent polyester staple fibre and 20 percent cotton); bleached blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 15 percent polyester staple fibre and 85 percent cotton to 25 percent polyester staple fibre and 75 percent cotton); bleached blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 30 percent polyester staple fibre and 70 percent cotton to 45 percent polyester staple fibre and 55 percent cotton); bleached blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 50 percent polyester staple fibre and 50 percent cotton to 60 percent polyester staple fibre and 40 percent cotton); bleached blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 65 percent polyester staple fibre and 35 percent cotton to 80 percent polyester staple fibre and 20 percent cotton); dyed or printed blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 15 percent polyester staple fibre and 85 percent cotton to 25 percent polyester staple fibre and 75 percent cotton); dyed or printed blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 30 percent polyester staple fibre and 70 percent cotton to 45 percent polyester staple fibre and 55 percent cotton); dyed or printed blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 50 percent polyester staple fibre and 50 percent cotton to 60 percent polyester staple fibre and 40 percent cotton) and dyed or printed blended fabrics made of polyester staple fibre and cotton fibre (applicable to all blends from 65 percent polyester staple fibre and 35 percent cotton to 80 percent polyester staple fibre and 20 percent cotton).
The duty drawback will also be enhanced on the export of grey blended garments, wearing apparel and other made-ups (all blends of polyester staple fibre from 15 percent and cotton fibre); bleached blended garments, wearing apparel and other made-ups (all blends of polyester staple fibre from 15 percent and cotton fibre) and dyed or printed blended garments, wearing apparel and other made-ups (all blends of polyester staple fibre from 15 percent and cotton fibre).
The CBR will also increase the duty drawback rates on the export of other types of grey and bleached blended made-ups, dyed or printed blended made-ups and napkins/aprons.
The rates would be enhanced on the export of 100 percent polyester staple fibre yarn; polyester staple fibre blended yarn (65 percent polyester staple fibre, 35 percent cotton); polyester staple fibre blended yarn (50 percent polyester staple fibre, 50 percent cotton); polyester staple fibre blended yarn (30 percent polyester staple fibre, 70 percent cotton) and polyester staple fibre blended yarn (15 percent polyester staple fibre, 85 percent cotton).
The CBR will also enhance the duty drawback rates on the export of other types of polyester staple fibre blended yarn with different specifications given in the SRO 412.
The duty drawback will be increased on the export of polyester-viscose fibre blended yarn (containing 80 percent polyester and 20 percent viscose); polyester-viscose fibre blended yarn (containing 65 percent polyester and 35 percent viscose); polyester-viscose fibre blended yarn (containing 50 percent polyester and 50 percent viscose); polyester-viscose fibre blended yarn (containing 30 percent polyester and 70 percent viscose); polyester-viscose fibre blended yarn (containing 20 percent polyester and 80 percent viscose); polyester-viscose fibre blended yarn (containing 35 percent polyester and 65 percent viscose) and duty drawback on the export of polyester-viscose fibre blended yarn (containing 70 percent polyester and 30 percent viscose) will also be increased in the coming days.
