SIALKOT: Federal Board of Revenue (FBR) has allocated Rs. 60 million to Customs Collectorate Sialkot to clear the rebate refund claims up to Rs.5 million of rebate claims till June 2015.
Assistant Collector Fahad Bashir told Customs Today that FBR has allocated Rs. 60 million in the wake of rebate refund claims clearance while MCC Sialkot is issuing cheques of rebate refunds on merit basis while MCC Sialkot will clear the rebate refund claims up to Rs. 5 million till June 2015 before March 2017.
Sources told that Chairman Federal Board of Revenue (FBR) Nisar Muhammad has instructed MCC Sialkot to clear the rebate refund claims of exporters on priority basis so they can enhance their exports to strengthen the economy of the country.
Sources told that the MCC Sialkot has already issued cheques of Rs. 1300 million in wake of rebate refunds up to Rs. 5 million to exporters while the Collectorate is clearing 40 to 50 rebate refund claims in a week. MCC Sialkot deals with Sialkot, Gujranwala, Gujrat, Narowal etc. based exporters for their exports through Sialkot Dry Port Trust (SDPT).
Sources told that the present government is taking keen interest to clear all pending rebate refund claims because the government needs improvement in exports while the government has provided many facilities to exporters. Sources told that the Federal Finance Minister Ishaq Dar has also showed keen interest to boost export while he has announced facilities for exporters as well.
