SRO No 1035(1)/2017: Certain RDs may be withdrawn

The govt. is planning to withdraw certain regulatory duties on imported items under SRO. 1035(1)/2017 as a number of stakeholders submitted their representations to the Commerce Division and FBR. Customs duty may be reduced on raw materials and intermediate goods that are imported under various schemes including Rebate, Duty and Tax Remission Scheme (DTRE), Export Orient Units (EOU) and Manufacturing Bond (MB) – except for the consumer items and locally manufactured products. The proposed reforms would address delays in payment of drawbacks and tax rebates. Furthermore, this would also remove bias against SMEs which are unable to avail concessions available under SROs.

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