The Federal Board of Revenue has allowed Duties and Taxes Remission for Exports (DTRE) facility to the manufacturers-cum-exporters of ghee in the war affected areas of Khyber Pakhtoonkhwa (KP) and Balochistan. In this regard, the FBR has amended Customs Rules 2001 through a notification issued here on Tuesday.
It is learnt that the DTRE facility would now be available to the manufacturers-cum-exporters of ghee in KPK except Hattar and Balochistan except Hub area. The facility would be available to the exporters on fulfilment of certain conditions laid down by the Board. These conditions would specifically be applicable for manufacturer-cum exporters of ghee in KPK and Balochistan, as the DTRE facility would not be applicable in any other part of the country on the export of ghee.
The DTRE facility be subject to provision of average export made by the manufacturer-cum-exporters during last four years plus enhancement upto 20 percent and the facility be provided on the basis of industries track record and performance. Secondly, time limit will be 90 days for utilising the imported palm oil under DTRE scheme. This period will be counted from the date of Import General Manifest (IGM) to export date of the consignment. Export will be allowed in foreign exchange only.
Under the Customs Rules, the DTRE facility would not be admissible to raw sugar and cooking oil or vegetable ghee or their raw materials and the goods which are banned or restricted under the prevalent Import and Export Policy Orders on account of national security, public health and cultural, moral or religious considerations. The FBR has granted fiscal relief to rehabilitate the economic life in Khyber Pakhtoonkhwa, Fata and Pata by allowing DTRE facility on the manufacture and export of ghee only.
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