AIRLINK 189.64 Decreased By ▼ -7.01 (-3.56%)
BOP 10.09 Decreased By ▼ -0.05 (-0.49%)
CNERGY 6.68 Decreased By ▼ -0.01 (-0.15%)
FCCL 34.14 Increased By ▲ 1.12 (3.39%)
FFL 17.09 Increased By ▲ 0.44 (2.64%)
FLYNG 23.83 Increased By ▲ 1.38 (6.15%)
HUBC 126.05 Decreased By ▼ -1.24 (-0.97%)
HUMNL 13.79 Decreased By ▼ -0.11 (-0.79%)
KEL 4.77 Increased By ▲ 0.01 (0.21%)
KOSM 6.58 Increased By ▲ 0.21 (3.3%)
MLCF 43.28 Increased By ▲ 1.06 (2.51%)
OGDC 224.96 Increased By ▲ 11.93 (5.6%)
PACE 7.38 Increased By ▲ 0.37 (5.28%)
PAEL 41.74 Increased By ▲ 0.87 (2.13%)
PIAHCLA 17.19 Increased By ▲ 0.37 (2.2%)
PIBTL 8.41 Increased By ▲ 0.12 (1.45%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 193.09 Increased By ▲ 9.52 (5.19%)
PRL 37.34 Decreased By ▼ -0.93 (-2.43%)
PTC 24.02 Decreased By ▼ -0.05 (-0.21%)
SEARL 94.54 Decreased By ▼ -0.57 (-0.6%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.93 Decreased By ▼ -0.38 (-0.94%)
SYM 17.77 Decreased By ▼ -0.44 (-2.42%)
TELE 8.66 Decreased By ▼ -0.07 (-0.8%)
TPLP 12.39 Increased By ▲ 0.18 (1.47%)
TRG 62.65 Decreased By ▼ -1.71 (-2.66%)
WAVESAPP 10.28 Decreased By ▼ -0.16 (-1.53%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 3.97 Decreased By ▼ -0.03 (-0.75%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

The Central Board of Revenue (CBR) has agreed to release shipping bills of the leather garments exporters after an undertaking by Pakistan Leather Garments Manufacturers and Exporters Association (Plgmea) that there will be no variation in weight mentioned in the shipping bill and in actual weight of the consignment.
The issue was resolved at a meeting held here between CBR Chairman Abdullah Yousuf and Plgmea Chairman Fawad Ijaz Khan.
The former was informed that the Plgmea members were facing problem in getting duty drawback, as their shipping bills were detained by the Customs due to difference in weight.
On assurance from the Plgmea that there would be no variation in weight in shipping bills filed after March 20, the CBR chief directed the Collector of Exports to release the detained shipping bills.
Fawad informed the CBR chief that 16.38 percent excise duty was imposed on the imported chemicals in the 2002-03 budget, adding that there was no mechanism for that duty refund to the exporters.
Abdullah directed Sales Tax Collector Khwaja Tanveer to look into the matter and allow refund on the excise duty to the exporters.
About five-percent duty on import of Shearing leather, the CBR chief advised the Plgmea to refer to the case to the budget anomalies committee, which would be resolved at that forum.
He assured the Plgmea Chairman that the issue of restriction on the export of leather garments with fur trimming would be resolved in the new trade policy.
Meanwhile, the Plgmea members were asked to contact Additional Collector of Exports Wasif Ali Memon to get their shipments cleared.

Copyright Business Recorder, 2004

Comments

Comments are closed.