- FBR announced conditions for exporters to avail tax concessions under the Export Facilitation Scheme
- New amendments in Customs Rules outlined in SRO 456(I)/2024 regulate acquisition of input goods without payment of duty and taxes by new exporters
- Scrutiny by Regulatory Collectorate required for new exporters without prior export history
- Mandatory approval from Chief Collector for firm contracts exceeding US$1 million
- Broadened definition of “manufacturer” under amended rules to include various processes
- FBR aims to enhance oversight and regulation in export sector through stringent conditions
- Implementation of SRO 456(I)/2024 reflects commitment to foster export-led growth and sustainable development
- Export Facilitation Scheme plays a pivotal role in positioning Pakistan as a competitive player in international markets
- FBR’s proactive measures aim to nurture a vibrant export sector for economic progress and prosperity
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
