ISLAMABAD: The Model Customs Collectorate Islamabad paid Rs21.87million of rebate refunds of Customs Duty to the exporters during the month of October of Financial Year 2017-18 against the assigned target of Rs20million of rebate refunds.
The Model Customs Collectorate (MCC) Islamabad showed an achievement of 109.34 % growth against the allocated rebate refund target for October FY17-18. The collectorate paid Rs5.00million’s rebate refunds during October FY16-17.
There has been a huge quantity of pending rebate claims since corresponding years. The Exports Rebate Claim Section has been unable to process 16,000 rebate claims till First Quarter of Financial Year 2017-18. Most of the cases have been pending for the last four years.
The sources of Exports Section told Customs Today that the Treasury Branch delayed the process of sanction-checks which made delay in the process to pay rebate claims to exporters working at the AFU Islamabad. The rebate refunds of the MCC Samberial and MCC Lahore cleared within 03 to 04 months the applied refund claims.
The sources told CT that there is a huge shortage of staff at the export rebate section which caused delay in the process of rebate refunds. Sources added that, during the month of August FY17-18, the Rebate Section sanctioned 363 of rebate claims of Rs30.00million while 16,792 cases of rebate claims are still pending with the amount of Rs656.58million from April to August FY17-18.
During August FY16-17, the Rebate Section Islamabad sanctioned 687 cases of rebate refunds worth Rs33.44million while pending rebate claims worth Rs402.98million were 10,070 till said period.
