SBP reminds ADs of deadline for duty drawback claims

MG News | August 21, 2023 at 03:36 PM GMT+05:00

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August 21, 2023 (MLN): State Bank of Pakistan (SBP) has reminded Authorized Dealers (ADs) of the final dates for the resubmission of claims under the four duty drawback Schemes, a notice issued by the central bank revealed today.

These schemes include; Local Taxes and Levies Drawback (Non-Textile) Order, 2017, Duty Drawback of Taxes Order 2017-18 (Textile), Local Taxes and Levies Drawback (Non-Textile) Order, 2018 and Duty Drawback of Taxes Order 2018-21 (Textile).

Notice further states that in terms of the Ministry of Commerce (Textile Wing), it has been decided that September 30, 2023, will be the final cut-off date for resubmission of the case-to-case, and incremental claims.

Accordingly, banks will resubmit their claims before the deadline i.e. close of business on September 30, 2023.

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