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:
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.
Enclosed:
Yours sincerely,
Azhar Kureshi
Director