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  • News Desk
  • Sep 3rd, 2006
  • Comments Off on Duty-free imports worth Rs 3.65 billion allowed in 2005-06
The Central Board of Revenue (CBR) had allowed duties- and taxes-free import of 490 different consignments worth Rs 3.65 billion by manufacturers-cum-exporters under the Duty and Tax Remission for Export (DTRE) scheme during 2005-06.

This remission of duties and taxes was granted with the condition of re-exporting finished products under the DTRE scheme. According to the latest data compiled on Saturday, the Large Taxpayer Units (LTUs) at Karachi and Lahore granted approval to 34 consignments involving remission of duties and taxes of Rs 445.48 million last fiscal year.

The Collectorate of Sales Tax and Federal Excise, Karachi, approved import of 241 consignments worth Rs 681.362 million in 2005-06.

According to break-up, Karachi LTU approved 16 consignments involving duties/taxes-free import of Rs 400.070 million; LTU, Lahore, 18 approvals worth Rs 45.410 million; Collectorate of Sales Tax and Federal Excise, Lahore, 75 approvals, Rs 704.590 million; Collectorate of Sales Tax and Federal Excise, Gujranwala, 78 approvals, Rs 309 million; Collectorate of Sales Tax and Federal Excise, Faisalabad, 13 approvals, Rs 608.217 million; Collectorate of Sales Tax and Federal Excise, Rawalpindi, six approvals, Rs 265.770 million; Collectorate of Sales Tax and Federal Excise, Peshawar, 23 approvals, Rs 382 million; Collectorate of Customs, Sales Tax and Federal Excise, Multan, 11 approvals, Rs 218.132 million; Collectorate of Customs, Sales Tax and Federal Excise, Hyderabad, 3 approvals, Rs 25.083 million and Collectorate of Customs, Sales Tax and Federal Excise, Quetta has granted six approvals involving duties/taxes free import of Rs 10.820 million under the DTRE scheme.

Copyright Business Recorder, 2006


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