AVN 64.74 Decreased By ▼ -0.26 (-0.4%)
BAFL 31.23 Increased By ▲ 0.08 (0.26%)
BOP 4.82 Increased By ▲ 0.11 (2.34%)
CNERGY 3.86 Decreased By ▼ -0.02 (-0.52%)
DFML 14.11 Increased By ▲ 0.41 (2.99%)
DGKC 41.69 Increased By ▲ 0.42 (1.02%)
EPCL 46.36 Decreased By ▼ -0.33 (-0.71%)
FCCL 11.41 Decreased By ▼ -0.01 (-0.09%)
FFL 5.06 Increased By ▲ 0.02 (0.4%)
FLYNG 5.78 Decreased By ▼ -0.04 (-0.69%)
GGL 9.92 Decreased By ▼ -0.03 (-0.3%)
HUBC 64.23 Increased By ▲ 0.13 (0.2%)
HUMNL 5.61 Decreased By ▼ -0.04 (-0.71%)
KAPCO 27.84 Increased By ▲ 0.04 (0.14%)
KEL 2.15 Increased By ▲ 0.02 (0.94%)
LOTCHEM 24.52 Increased By ▲ 0.22 (0.91%)
MLCF 21.75 Increased By ▲ 0.35 (1.64%)
NETSOL 84.19 Decreased By ▼ -0.01 (-0.01%)
OGDC 87.30 Decreased By ▼ -0.64 (-0.73%)
PAEL 10.95 Increased By ▲ 0.05 (0.46%)
PIBTL 4.24 Increased By ▲ 0.06 (1.44%)
PPL 76.63 Decreased By ▼ -1.07 (-1.38%)
PRL 13.69 Increased By ▲ 0.07 (0.51%)
SILK 0.90 Increased By ▲ 0.01 (1.12%)
SNGP 41.52 Decreased By ▼ -0.41 (-0.98%)
TELE 5.95 Increased By ▲ 0.08 (1.36%)
TPLP 15.77 Decreased By ▼ -0.01 (-0.06%)
TRG 111.25 Decreased By ▼ -1.05 (-0.93%)
UNITY 13.92 Decreased By ▼ -0.03 (-0.22%)
WTL 1.14 Increased By ▲ 0.01 (0.88%)
BR100 4,046 Decreased By -1.8 (-0.05%)
BR30 14,434 Decreased By -33.1 (-0.23%)
KSE100 40,620 Decreased By -53.1 (-0.13%)
KSE30 15,170 Decreased By -20 (-0.13%)
Follow us

LAHORE: All Pakistan Textile Mills Association (APTMA) has appreciated Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah for providing prompt relief to export oriented sectors against the inordinate delay caused by Export Oriented Sector Registration Cell (ESRC) of the Federal Board of Revenue (FBR) in processing cases of export units for electricity and gas tariff.

Hamid Zaman, Chairman, APTMA (NZ) said that processing of energy tariff cases was being delayed on lame excuses and false pretexts, forcing the exporters to pay excessive tariff on electricity and gas. Consequently, they were being saddled with extra financial burden reducing their competitiveness in the global market against their local and regional competitors.

Zaman said that textile mills had apprised FTO that a Standard Operating Procedure directions of Economic Coordination Committee (ECC), was issued through FBR Circular No. 04 of 2020 prescribing procedure for enrolment of registered persons to qualify for special energy tariff. Unfortunately, the legally laid down SOP was being blatantly violated by adopting delaying tactics causing immense loss to the applicants.

The matter was immediately taken up by the Honourable FTO who vide his decision in Complaint No. 1974/ISD/ST2022 held that the delay caused by FBR tantamount to maladministration and unambiguously directed FBR to process all cases for concessionary energy tariff on Fast Track day to day basis without any delay or deviation from the prescribed procedure.

APTMA has lauded FTO for cost free redressal of the genuine problem of export industry without any lapse of time. Such decisions go a long way to help the export sector to focus on exports instead of wasting their valuable time in trivial procedural and bureaucratic formalities.

APTMA has expressed the hope that FBR would implement FTO directions in letter and spirit to ensure that all cases, received from trade bodies for energy tariff are processed on priority to avoid irretrievable financial loss to the exporters.

Copyright Business Recorder, 2022

Comments

Comments are closed.

Cases of electricity & gas tariffs: APTMA praises FTO for providing relief to export-oriented sectors

Rupee sustains losses, settles at 268.83 against US dollar

Fawad granted bail by Islamabad court

Cannot rule out internal assistance for Peshawar bombing: police

Peshawar attack: ‘Who brought the terrorists back?’, asks PM Shehbaz

US Fed set to slow rate hikes but signal inflation fight not over

US, India partnership targets arms and AI to compete with China

Hyundai-Nishat jacks up car prices by up to Rs500,000 in Pakistan

Maryam Nawaz says PML-N will clean sweep upcoming elections

Prominent businessman Mohammad Lakhani injured in firing incident

Bangladesh to restart spot LNG buying as prices ease