ANNOUNCEMENT 08 Jun 2018
An order prescribing drawback rates for exports of certain products has been announced for the years 2018 to 2021.
NUMBER OF INTERVENTIONS
Local Taxes and Levies Drawback (Non-Textile) order, 2018
On 8 June 2018, Pakistan's Ministry of Commerce & Textile announced the "Local Taxes and Levies Drawback (Non-Textile) order, 2018". The Order provides a rebate of taxes paid of goods exported from Pakistan, including its Export Processing Zones, between 1 July 2018 to 30 June 2021.
The drawback rates range from 3% to 4% with an additional 2% for exports made to non-traditional markets. These non-traditional markets include 58 countries in Africa, 40 in Latin America, 10 in the Commonwealth of the Independent States, 27 in Oceania, and 8 non-EU European countries.
50% drawback will be provided to the exporter without any condition while the remaining 50% will be provided on the condition of a year-on-year export growth of 10%.
The Order replaces an earlier drawback order announced for the period 2017-18 (see related State Act).