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The Federal Board of Revenue (FBR) has allowed Duty & Tax Remission for Exporters (DTRE) users to remove input or semi-finished goods out of their premises for manufacture or processing by their vendors.
In this regard, the FBR has amended Customs Rules 2001 here on Wednesday to provide facility to the venders of the DTRE users.
According to the FBR, the DTRE users may remove input or semi-finished goods out of their premises for manufacture or processing by the vendors after intimating the collector in the form as set out in Appendix-V to this chapter:
Provided that the DTRE applicant, at the time of applying for DTRE approval, shall declare in his application about the process that he intends to get done from a vendor, along with particulars of the vendor. The vendor shall have a valid sales tax registration and his name shall be appearing in the Sales Tax Active taxpayers list. The vendor shall have in-house manufacturing facility to perform the stated manufacturing process. The vendor shall not be changed or added except with prior permission of the regulatory collector. However, the said vending facility shall not be available for the weaving of fabric from yarn. Provided further that the finished goods may be removed directly for export by the exporter from the vendor premises to the customs port of export, the FBR added.

Copyright Business Recorder, 2018

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