The Head/Principal Offices of all
Authorized Dealers in Foreign Exchange
Dear Sirs/Madam,
DRAWBACK
OF LOCAL TAXES AND LEVIES ORDER, 2009
Attention
of the Authorized Dealers is invited to EPD Circular Letter
No. 4/EPP 1(51) DLTL-2010 dated 26th February, 2010 enclosing
therewith Ministry of Textile Industry’s letter No.
3(1) TID/09-P-1 dated 24th February, 2010.
The
disbursements against the above scheme were stopped in June
2010. Now Ministry of Textile Industry has requested for
payments against the above scheme to the eligible exporters.
As such the disbursement against the above scheme is being
re-started with immediate effect with the following guidelines:
a) The payments which had been reversed on 30.6.2010,
will be paid first. In all such cases, the banks are advised
to submit a compliance report within 7 days of credit
by SBP, BSC (Bank) that the respective exporters’
accounts have been credited. Failure to do so will result
in recovery of the amount alongwith fine to be paid by
the bank.
b) The claims will be entertained by SBP, BSC Offices
on First-In-First-Out basis.
Authorized
Dealers are advised to bring the contents of the above to
the notice of their constituents.