The Central Board of Revenue (CBR) has delayed issuance of revised Duty and Tax Remission for Export (DTRE) Rules. Official sources told Business Recorder here on Sunday that the CBR would issue the revised scheme in December 2004 instead of October to ensure that the new scheme must address all the important issues pertaining to importers.
The draft of the scheme has been finalised, but it would take some more time for taking viewpoint of all the stakeholders, officials maintained.
The new shape of DTRE must ensure simplification as well as facilitation before its launching in coming months, they said.
One of the important components under the Customs Administration Reforms Process (CARE) is automation of DTRE scheme to simplify procedure for the manufacturers-cum-exporters. Due to development of software CBR is unable to issue new DTRE rules, which have finalised incorporating all the clarifications issued from time to time.
The new DTRE scheme will be issued prior to the expiry of SRO.410 so that maximum exporters could avail the benefit under the revamped Duty and Tax Remission for Export (DTRE) Rules.
The 'Temporary Importation Scheme' was extended up to December 31, 2004 to facilitate 13 leading value added industries, engaged in temporary import of raw materials/inputs for manufacture of export goods.
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