The Federal Board of Revenue (FBR) has notified new rates of duty drawback on export of textile and allied products.
A notification (SRO754 of 2014) issued yesterday said that the new rates will be effective from Aug 21 on export of these products.
The FBR has issued another notification to allow new rates of duty drawback to exporters retrospectively from Jan 1 as well.
The government announced the textile package in the budget 2014-15 to be effective from July 1.
The new rates of duty drawback will be 1.86 per cent of FOB value on export of 100pc cotton or blended polyester/cotton/Trevira (all blends) dyed THPC fire or flame retardant woven fabric; 1.26pc of the FOB value on 100pc cotton dyed THPC fire or flame retardant (Provatex ACS special) woven garments and 1.35pc of the FOB value on blended cotton/ polyester/ Trevira (all blends) dyed THPC fire or flame retardant (Provatex ACS special) woven garments.
According to the notification, the rate of duty drawback will be 3.96pc of the FOB value on 100pc cotton or blended polyester/ cotton (all blends) luminous dyed HIVIS fire or flame retardant (Provatex CP) woven fabric; 3.06pc of the FOB value on 100pc cotton luminous dyed HIVIS fire or flame retardant (Provatex CP) woven garments.
