The Central Board of Revenue (CBR) has reduced duty drawback on export of Polyvinyl Chloride (PVC) resin from May 4, 2006. The Board has amended SRO 787(I)/2006 through a notification issued on Saturday.
Duty drawback has been reduced from 5.08 percent to 4.65 percent of the freight on board (fob) value on the export of PVC resin packed in printed paper bags and 4.49 to 4.30 percent of the fob value on the PVC resin packed in PP woven bags.