ISLAMABAD: The Federal Board of Revenue (FBR) has increased duty drawback rates on the export of deep freezers, water dispenser, washing machines, refrigerators, transformers, and trunks/suitcases/vanity cases from June 1, 2021.

The FBR has issued six notifications, here on Thursday, to revise the duty drawback rates on the export of these items.

The duty drawback rate on the export of deep freezers has been revised at 3.98 percent of the f.o.b. value; water dispenser, 11.94 percent of the Fob value; refrigerators, 4.39 percent of the f.o.b. value; washing machines 9.80 percent of the FOB value; transformers of all ratings, 2.76 percent of the f.o.b. value and duty drawback rates have been revised at 3.24 percent of the FOB value on the export of trunks, suitcases, vanity cases, executive cases, brief cases, school satchels, spectacle cases, binocular cases, camera cases, musical instrument cases, gun cases, holsters, travelling bags, rucksacks, handbags, wallets, purses, map cases, sports bags, gloves of all sorts, with or without cloth back (including sports gloves) made of leather.

Copyright Business Recorder, 2021