KARACHI: Pakistan Hosiery Manufacturers and Exporters Association (PHMA) in collaboration with the Federal Board of Revenue (FBR) organized a seminar on the new Export Facilitation Scheme 2021 Wednesday.
The seminar was held at the PHMA House, which was attended by a large number of textile exporters from Karachi, Lahore, Faisalabad and Sialkot online.
Amir Thahim, Collector, Model Collectorate of Customs (Exports) Port Qasim and Moeen Afzal, Additional Collector, Model Collectorate of Customs (Exports) Port Qasim participated from Customs, Federal Board of Revenue to brief the salient features and registration process of Export Facilitation Scheme 2021 (EFS 2021).
Muhammad Jawed Bilwani Chief Coordinator and Former Central Chairman PHMA welcomed the Customs Officials at PHMA for this orientation seminar to enlighten the exporters about the main features of EFS and to answer questions asked by exporters. He appreciated that PHMA and FBR jointly believe in facilitation the exporters in order to contribute in the economic prosperity of Pakistan.
Both are working closer like hands in gloves in order to facilitate the taxpayers and exporters. With the best efforts and productive proposals of PHMA, the FBR’s FASTER and WEBOC Systems have been improved and working efficiently and exporters are getting their refunds online smoothly and all credit goes to the then Member IR Operations and sitting Chairman FBR, Dr Muhammad Ashfaq Ahmed, Member Customs Operations FBR Syed Muhammad Tariq Huda and their team who eliminated human intervention and brought automation and reforms in the FBR System to facilitate the exporters.
He also appreciated the government’s initiative of “Pakistan Single Window (PSW)” portal is to provide single electronic platform for facilitating compliance with regulatory regime for cross border trade in Pakistan. He assured that PHMA shall also extend complete support to Customs with regards to implementation of EFS 2021. PHMA has also introduced EFS Help Desk at its RDA Cell to support member exporters.
Amir Thahim, Collector, Model Collectorate of Customs (Exports) Port Qasim addressing the leading exporters stated that the FBR believes in maximum facilitation to exporters enabling them to enhance exports to ultimately benefit the country to earn foreign exchange.
He apprised that the FBR has been continuously working to improve and develop the taxation system through reforms and automation. In this connection, automation has been enhanced and public dealing has become limited particularly for the exporters. Introduction of export facilitation scheme 2021 is another milestone step from Customs to provide three scheme, ie, Export Oriented Unit, Manufacturing Bond, DTRE under a unified scheme which will benefit exporters particularly SMEs.
The new scheme is simplified wherein exporters can apply online without visiting Custom House. Focal Person shall also be appointed to promptly address the queries and maximize facilitation to exporters.
Moeen Afzal Additional Collector, Model Collectorate of Customs (Exports) Port Qasim gave a detailed presentation on the main feature of Export Facilitation Scheme 2021 wherein he informed that the new scheme will run parallel with existing schemes such as Manufacturing Bond, DTRE and Export Oriented Schemes for two years. The existing old schemes shall be phased out in the next two years and will be fully replaced by Export Facilitation Scheme-2021.
The EFS 2021 Rules can be accessed at the official website of the FBR. The powers, functions and role of the Input Output Coefficient Organisation (IOCO) under the new scheme has also been revised. The IOCO Director shall upload the value of input.
Copyright Business Recorder, 2021