SIALKOT: The Model Customs Collectorate (MCC) Sialkot has issued Rs 275 million rebate to traders who exported finished goods during the month of October in fiscal year 2014-15.
Sources said that the collectorate gave rebate to the textile sector on cotton garments. The leather sector was given rebate on finished leather garments, hides, leather shoes and artificial leather. The sources said that surgical goods, cutlery, rubber goods, plastic goods and shoes other than leather and their parts were offered for the rebate. The government offered the rebate scheme to enhance export volume and earn foreign exchange.
The sources also said that the rebate cheques have been distributed among most of the importers while the process is still 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 directives 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.
