KARACHI: The Federal Board of Revenue (FBR) has withdrawn the repayment of customs duty to the extent of 1.04 percent of F.O.B value on the import of ‘Mulberry Wood’.
The repayment of custom duty on Mulberry Wood imported for the manufacturing of Hockey Sticks has been withdrawn vide SRO No. 576(I)2013.
The repayment of customs duties was allowed on certain raw materials vide SRO No. 210(I)/2009 provided the manufactured goods are exported out of Pakistan and an application for repayment of customs–duties is presented to the proper officer of Customs within two hundred and ten days of such exportation or within one hundred and eighty days from the date of realization of foreign exchange as shown on Bank Credit Advice issued in accordance with the current directive of the State Bank of Pakistan; and the exporter makes a declaration on the goods declaration filed under section 131 of the Customs Act, 1969 (IV of 1969) and on other export documents for his claim for repayment of the customs–duties paid on the imported raw materials used in the production or manufacture of the goods being exported.