FBR revises duty drawback rates


KARACHI – The government has revised the duty drawback rates for the towel sector allowing enhancement with effect from March 31, 2011, Towel Manufacturers Association (TMA) spokesman Muzammil Husain has said. It has permitted duty drawback rates on cotton or polyester blended towels bleached and towels partly or fully dyed or printed. As per the SRO, the FBR has allowed 0.71 per cent drawback on cotton towels (bleached) fully white instead of 0.44 per cent, 1.88 per cent on cotton towels partly or fully dyed) instead of 1.08 per cent while 0.88 per cent on cotton polyester blended/bleached and 2.29 per cent drawback has been allowed on cotton/polyester blended fully dyed or printed.