FBR directed to simplify H-Form within a week

Adviser on Finance Dr. Abdul Hafeez Shaikh during a meeting with exporters has directed FBR to take input and suggestions from the textile exporters and simplify the H-Form (stock statement) within a week to expedite the processing and payment of Sales Tax refunds, and issue nearly PKR 10Bn worth of customs duty drawback to the exporters. There are two main issues in filing of annex-H by exporters. Minimum information be sought from exporters from stock statement and issues of comprehension during filing of stock statement despite training sessions arranged by the FBR. FBR Chairman Shabbar Zaidi informed the meeting that FBR has so far received claims for sales tax refunds to the tune of PKR 10.14Bn pertaining to 4MFY20. Cases amounting to PKR 8.02Bn have already been processed for payment out of which 1,604 cases have been accepted for payment, which would be made at the earliest.