LAHORE: The Federal Board of Revenue (FBR) is verifying only 30 percent of the total rebate claims filed by the exporters during the current fiscal year (FY23).
FBR officials told a select group of reporters that major export facilitation measures have been taken to increase exports.
Under the procedure for speedy payments of refunds, the FBR has sanctioned 60-70 percent of the customs duty drawback and rebate to the exporters through the low-risk system during the first half of 2022-23.
Now the FBR’s rebate payment system is fully automated for the exporters. Under the risk-management system, all low-risk cases of exporters are automatically sanctioned rebates. Nearly 60-70 percent of the rebate cases are cleared through the low-risk system. There are around 30 percent rebate cases that require scrutiny.
During the first six months (July-December) of the current fiscal year 2022-23 (FY23), the FBR has paid the duty drawback of Rs 15.5 billion to the exporters through an automated system. In 2021-22, the FBR performance was evident despite around 34 percent increase in the refunds/rebates paid to the exporters.
