LAHORE: The Model Customs Collectorate (MCC) Preventive has issued Rs 28.7 million rebate to traders who subsequently exported finished goods in financial year 2014-15.
The collectorate had issued Rs 34 million rebate during the same period of previous fiscal year.
The MCC Preventive is said to have processed about 15,550 rebate claims in FY 2014-15 against 16,655 during FY 2013-14.
The collectorate has issued Rs 2.5 million rebate cheques in the name of the importers who imported raw material for making finished goods for export.
Sources said that the collectorate gave rebate to textile sector on garments, cotton fabric, sheeting blended fabric, terry towels, cotton yarn, polyester fabric, sheeting, canvas/tents, tarpaulin and polyester garments.
Leather sector was given rebate on finished leather garments, hides, leather shoes and artificial leather (raxene).
Similarly, carpet and handicraft sector were given rebate on carpets, rugs and handicrafts while sports goods made for export were also given rebate.
The sources said surgical goods, cutlery, rubber goods, plastic goods, tyres and tubes and shoes other than leather and their parts were offered the rebate.
Other goods, including biscuits, confectionary, bubble gums, biscuits and confectionery and electrical transformers and fans were also included for rebate execution.
The MCC Lahore gave away rebate to the importers of laundry, washing soaps, pharmaceuticals, dyes/chemicals, sanitary ware, screws, nails, nuts, bolts, fasteners were also given the rebate.
The government has offered the rebate scheme to enhance export volume and earn valuable foreign exchange.
The sources said that the rebate cheques have been distributed among most of the importers while the process is on and the remaining importers will also be able to receive their share of rebate on their imported raw material.
According to SRO 211(I)/2009, authorized repayment of customs duty to certain extent paid on the import of raw material used in the production or manufacture of goods that are exported.
The goods must be exported out of Pakistan and an application for repayment of customs duty is presented to the officer concerned within 210 days of export or within 180 days from the date of realisation of foreign exchange as shown on bank credit advice issued in accordance with the current directive of the State Bank of Pakistan. And the exporter makes a declaration on the goods declaration filed under Section 131 of Customs Act 1969 and on other export documents for his claim for repayment of the customs duties paid on the imported raw materials used in the production or manufacture of the goods being exported.
