Value Added Textile Export Sector's Associations have expressed concern over 'excessive' delays in announcement of procedure for applying Duty Drawback of Taxes (DDT) Claims under the PM Export Package 2017-18 has created 'anxiety' across the industries.
It was expressed in a joint statement by Muhammad Jawed Bilwani, Chairman Pakistan Apparel Forum (PAF); Muhammad Zubair Motiwala, Chairman Council of All Pakistan Textile Associations (CAPTA); Dr Khurram Anwar Khawaja, Chairman Pakistan Hosiery Manufacturers & Exporter Association (PHMA); Kamran Chandna, Chairman Pakistan Knitwear and Sweater Exporters Association (PAKSEA); Mian Muhammad Naeem, Zonal Chairman PHMA; Shaikh Muhammad Shafiq, Chairman Pakistan Readymade Garment Manufacturers & Exporter Association (PRGMEA); Sohail Aziz, Chairman Pakistan Cotton Fashion Apparels Manufacturers & Exporters Association (PCFA); Tariq Munir, Zonal Chairman, PHMA Muhammad Arif, Chairman Pakistan Cloth Merchants Association (PCMA).
Ministry of Textile Industry vide its Notification No 1(42-A) TID/17-TR-II dated 20th October 2017 announced Duty Drawback of Taxes Order 2017-18 relating to Prime Minister Export Package for Exporters on export of Textile items, but still after lapse of 35 days, procedure for applying DDT claims under revised PM Export Package 2017-18 has not issued which was to be formulated by the SBP in consultation with Ministry of Textile Industry, they lamented.
The textile exporters requested to the Honourable Prime Minister to direct State Bank of Pakistan and Ministry of Textile Industry to issue procedure for applying of DDT Claim under revised PM Export Package 2017-18 at the soonest to give confidence the exporters who are battling hard to earn sorely needed foreign exchange for the beloved country owing to stiff competition with regional competing countries as unnecessary delays in announcement of procedure for applying DDT Claims creating insecurity among the exporters of value added textile sector.
They further added that billions of rupees against previous Drawback of Local Taxes & Levies (DLTL) Order 2009 since 2011; Incremental DLTL Order 2014-15 since June 2015; Incremental DLTL Order 2015-16 since April 2016; Incremental DLTL Order 2016-17 since April 2017 and DDT under PM Export Package 2017 of exporters are pending with Government causing liquidity problems to the exporters in keeping up their export commitment, which must be released immediately to streamline cash flow and will lead to enhancement of the exports at the desired target of the Government resulting in increase in foreign exchange earnings, generation of new employment opportunities and reduction in trade deficit.-PR
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