ANNOUNCEMENT 20 May 2020
Pakistan has increased the duty drawback rates on exports of plastic goods.
NUMBER OF INTERVENTIONS
On 20 May 2020, the Federal Board of Revenue of Pakistan through SRO 461(I)/2020 increased the rates of duty drawback on the manufacture and export of 100% plastic goods* from Rs. 3.14 to Rs. 5.42 per kilogram (~USD 0.02 to USD 0.03). The duty drawback is provided to reimburse the customs duties paid on the imports of raw materials used in the manufacture of these goods.
*including packaging materials used in the goods meant for export such as bottles, jars, vials, containers, droppers, etc.
** Pakistan Rupee to USD as on 20 May 2020 - Rs. 160.51/USD