6% R&D SUPPORT ON EXPORT OF PROCESSED FOOD
|EPD Circular Letter No. 04||December 07, 2009|
In terms of Ministry of Textile Industry’s Notification No. 3(1)TID/09-P-I dated September 01, 2009, the Federal Government has decided to provide for the drawback of local taxes and levies collected from garments, home textiles and processed fabric manufacturing units. Drawbacks under the said Notification shall be allowed for shipments made till 30th June, 2011.
In this regard, it is advised that the Authorized Dealers will receive the R&D claims from exporters for onward submission to TDAP. After scrutiny and approval, TDAP, shall forward the claims eligible for payments to SBP-BSC (Bank) Head Office, Karachi against Ministry of Finance’s proper allocation. Upon receipt, SBP-BSC (Bank), Head Office, Karachi would credit the concerned Authorized Dealers’ accounts accordingly for onward credit the same to the exporter’s account.
Authorized Dealers are advised to bring the above to the notice of all their constituents.