The Federal Board of Revenue (FBR) has raised duty drawback rates on export of hosiery garments and woven Garments. The rates are worked out by the Input-Output Co-efficient Organization (IOCO) of the Customs. Pakistan Hosiery Manufacturers & Exporters Association - PHMA, about four years ago made tireless efforts and prepared a revised working paper for duty drawback on export of Hosiery Garments and Woven Garments - White Blended polyester/cotton Garments; Dyed Blended polyester/cotton Garments; White 100% cotton Garments and Dyed 100% cotton Garments.
Revised proposals of PHMA were finally accepted by the FBR and a Customs notification in this regard was issued on October 6, 2015, stated, PHMA Chief Co-ordinator, Muhammad Jawed Bilwani and Central Chairman, Saleem Parekh.-PR