ISLAMABAD, Aug 20: The Central Board of Revenue (CBR) has allowed duty drawback on export of woven or knitted fabrics to boost its exports.

The new rates would be applicable on export of these products from August 20, 2003, said a customs export notification issued here on Wednesday.

The rate of duty drawback would be 2.26 per cent of the fob value on export of woven or knitted man-made fabrics which are neither dyed nor printed and also on export of its raw material.

And 2.71 per cent of the fob value would be allowed on export of woven or knitted man-made fabrics, which are dyed or printed and also on export of its raw materials.

The rate of duty drawback would be 2.62 per cent of the fob value on export of woven or knitted ready-made garments or made-ups not dyed or printed and also export of its raw materials.

Rebate rates: The government has revised rates of rebate on export of different types of tyres to bring them at par with custom duties.

The decision was taken by amending the SRO415 issued on June 15, 2001 through another customs export notification issued here on Wednesday.

The new rates of rebate on all kinds of tyres would be applicable from August 20, 2003, added the notification.

The rate of rebate would be 5.15 per cent of the fob value on export of tyres of trucks, buses, cars and jeeps, all sizes and its raw materials.

For the first time the government allowed rebate at the rate of 3.81 per cent of the fob value on export of agricultural tractor tyres of all sizes and its raw materials.

The rate of rebate would be 5.35 per cent of the fob value on export of tubes of trucks, buses, cars and jeeps, all sizes and its raw materials.

The exporters were allowed to claim rebate at the rate of 4.75 per cent of the fob value on agricultural tractors tubes of all sizes and its raw materials.

And the rate of rebate would be 3.21 per cent of the fob value on export of flaps of all sizes and its raw materials.