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The total cost to the exchequer on account of taxes foregone on local sales of textiles due to zero rating, energy subsidies, misuse of DTRE and inputs of local sales being used to claim export refunds collectively amount to more than Rs200 billion annually, according to the finance ministry and FBR's estimates.
This was the only protection available to the Pakistani industry while protecting the rights of genuine value-added exporters who could utilise the facility of Duty and Tax Remission Scheme (DTRE) to carry on their business unhindered.
The exporters association wants surveillance of land routes to control smuggling and extension in the utilization period of materials/goods under DTRE scheme to 24 months from current 12 months.
He said that more than 80 percent of yarn was imported under DTRE scheme, and, therefore, the duty was not a problem for genuine exporters belonging to the value-added sector.
_: Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) finds Duty Tax Remission for Exports (DTRE) scheme useless for auto parts industry.
Supply of yarn and fabric to exporters, both within and outside the purview of DTRE was to be treated as deemed exports for all purposes, product ion of MMF/S ynthetic wer e to be encouraged, private sector to stock pile and have buffer stock of cotton.
More than 80% of the local export subsidies import licenses were accounted for this scheme., 2The Duty and Tax Remission on Export (DTRE) Rules allow the import or local procurement of all input goods needed for export production, without payment of customs duty, central excise duty, advance income tax and sales tax.
Lance a l'occasison du 400[degrees] anniversaire de la fondation de Quebec, cset ouvrage a ete confronte a be curieux debats, plusieurs fort instructifs mais sans doute trop tardifs pour dtre pris en compte.
There is no question of tariff decreasing the competitiveness of the value added sector in the world market as PSF meant for export can be imported duty free under the DTRE scheme, and hence the level of local duties has no effect on the export competitiveness of textile industry, Ahmad added.
The APTMA delegation presented two requests:--Inclusion of polyester fibre in DTRE; removal of sales tax on ginned cotton.
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- DTRA Experimentation Laboratory