The
Head/ Principal Offices of all
Authorized Dealers in Foreign Exchange
Dear
Sirs / Madam,
RESEARCH
AND DEVELOPMENT SUPPORT TO HOME
TEXTILES AND DYED/PRINTED CLOTH MANUFACTURING UNITS
In terms of Ministry of Textile Industry’s SRO No.
803(I)/2006 dated August 04, 2006, the Government of Pakistan
has decided to allow R&D Support to the Home Textiles
& Dyed/Printed Cloth Manufacturing-Cum-Exporting Units
with effect from July 1, 2006. The said R&D Support
shall be provided to Home Textiles and Dyed/Printed Fabrics
Manufacturing-Cum-Exporting Units under Chapters 52, 55,
63 & 94 of the Pakistan Customs Tariff at the specified
rate of FOB value of exports as mentioned below:
a) |
Dyed/Printed Fabrics (Under Chapters 52 &55) |
3% |
b) |
Home Textiles (Under Chapters 63 & 94) |
|
|
White |
3% |
|
Dyed/Printed |
5% |
However,
all kinds of Towels (unstitched) are not admissible for
the said R&D Support.
A copy of the above mentioned SRO, containing eligibility
criteria, terms & conditions and procedure for filing
claims for R&D support, is being enclosed for strict
compliance by the Authorized Dealers.
Authorized Dealers are advised to bring the above to the
notice of all their constituents.
Annex
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