Islamabad
The Federal Board of Revenue (FBR) has revised the duty drawback structure from 1.72% to 4.396% for electric fans, hence resolving the longstanding demand of fan manufacturers.
A press statement issued by the board here Tuesday said that in line with the vision and directives of the Prime Minister of Pakistan to boost exports and trade, the Federal Board of Revenue (Customs Wing) has issued a notification SRO 859 (I)/2020 in this regard.
The newly issued SRO 859 (I)/2020 has revised the duty drawback structure from 1.72% to 4.396%, the statement said adding that it was important to note that no revision was made in the regime for Fan Manufacturers sector since 2009 which had resulted in the stagnation of the Fan exports. –APP
