ISLAMABAD, June 19: The Central Board of Revenue (CBR) will notify the amended Duty and Tax Remission for Export (DTRE) scheme by end of the current month for attracting more business men to avail the facility of no-duty and no-drawback from the next financial year.

Official sources told Dawn on Saturday that the amendments have already been incorporated in the DTRE rules, which would be announced through a notification later this month to be effective from July 2004.

The decision of giving more facilities under the scheme was taken when it was observed that the current DTRE scheme has failed to attract businessmen during the last three years to avail the facility of zero custom duty and sales tax on import of goods for its subsequent exports.

The officials said that the exporters were reluctant to register themselves under the facility because according to them, they were enjoying more facilities under the SRO410.

Only 350 exporters have so far registered themselves under the DTRE scheme with the tax authorities, the officials.

The tax authorities have revised the DTRE scheme for exporters in the budget for 2003-04 to make it more user-friendly following the proposals received from all chambers and associations across the country.

The CBR has even allowed exporters to claim duty drawback under DTRE on electricity and gas used in the manufacturing of goods on its exports. Furthermore, they were also allowed that in case they could not export their goods under DTRE, on payment of penalty and full payment of duty, they could even sell it in the local markets.