Hosiery, woven garments Duty drawback on exports increased

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