Textile sector: upto four percent drawback of DLTL on annual basis hailed

The manufacturers-cum-exporters of textile sector of Southern Punjab have hailed the government decision to allow one to four percent drawback of local taxes and levies (DLTL) on annual basis taking into account the freight on board (FOB)-realised values of enhanced exports for 2015-16.
Khawaja Jalluddin Roomi, President of Multan Chamber of Commerce & Industry (MCCI), said it was a good decision to permit the drawbacks of Local Taxes and Levies 2016-17 on annual basis on FOB-realised values of enhanced exports for shipments made during 2015-16 if increased beyond 10 percent over last year's exports ie 2014-15.
He said Chambers and Textiles Association should be responsible for certifying the authenticity of information provided by the exporting units pertaining to the registration with the Ministry, and the application documents for claims. The concerned body should exercise due diligence to ensure authenticity of the documents. He said that one percent drawback would be available on eligible product lines of processed fabrics category, two percent eligible products of made-ups category and four percent drawback would be available to eligible products of garments category.
He further said that units would file claims for the incentive in the form as specified in Annexure II of the order. The unit would fill the form online and state all export shipments, during FY 2014-15 and 2015-16, and get online verification on the form from the respective association or chamber of which the unit holds valid membership.