KARACHI, March 4: The Central Board of Revenue (CBR) has agreed to further simplify direct tax relief on export (DTRE) scheme to make it more exporter-friendly.
According to Export Promotion Bureau (EPB) here on Tuesday, the CBR has agreed to accommodate more suggestions from exporters at DTRE committee meeting held last month.
Vice chairman, EPB, had chaired the meeting which agreed to cover the purchase order by direct exporters on the indirect exporters and acceptance of approximate estimates of required input goods and input/output ratios rather than precise quantities.
For the purpose of imports and procurement under DTRE, based on past consumption, it is also agreed that instead of the qualifying limit of $500,000 past performance, DTRE approval would be given for average consumption related to last six months exports.
Similarly, CBR also agreed that the import of TRIMS and accessories, required by exporters of textile and leather garments, would also be allowed provided these are identifiable at the time of exports.—APP
