Vide notification No. 1(42)TID/17-RDA dated 23.01.2017, Ministry of Textile has issued order for duty drawback to manufacturer-cum-exporter subject to certain conditions. List of PCT headings in respect of goods entitled for drawback are listed in the notification. Category wise rate of duty drawback is as under: Greige Fabric and Yarn 4% Processed Fabric 5% Made-Ups …
Vide SRO 39(I)/2017 dated 23.01.2017, Federal Government has exempted customs duty on goods falling under heading No. 52.01 (cotton, not carded or combed), 52.03 (cotton, carded or combed), 5503.1100 (Synthetic staple fibre of aramids), 5503.1900 (Other synthetic staple fibre of aramids), 5503.3000 (Acrylic or modacrylic polyesters), 5503.4000 (Polyesters of Polypropylene), 5503.9000 (other polyesters), 5504.1000 (Artificial…
Vide SRO 38(I)/2017 dated 23.01.2017, Federal Government has made certain amendments in SRO 1178(I)/2015 dated 30.11.2015. Vide this amendment, 1% additional customs duty shall not be charged on import of goods falling under heading No. 52.01 (cotton, not carded or combed), 52.03 (cotton, carded or combed), 5503.1100 (Synthetic staple fibre of aramids), 5503.1900 (Other synthetic…
Vide SRO 37(I)/2017 dated 23.01.2017, Federal Government has extended the period of operation of SRO 811(I)/2016, dated 31.08.2016, till 31.03.2017, wherein amendment was made in Division XXI of Part IV of the Income Tax Ordinance, 2001. Through this amendment income tax @ 0.4% will be charged on banking transactions of non-filer for the period up…
Vide SRO 36(I)/2017 dated 23.01.2017, Federal Government has made amendments in SRO 1125(I)/2011, dated 31.12.2011. Following amendments have been made in the notification: – (a) Textile units registered with Ministry of Textile will be entitled to import machinery @zero% sales tax subject to the conditions that the machinery is not manufactured locally and conditions of…
