From now on, export-oriented companies will only get refunds of customs and regulatory taxes from the Director General, Duty Exemption and Drawback Office (DEDO). All exporters have to apply for refund of taxes within six months after export.
Recently, the National Board of Revenue (NBR) has issued the Duty Drawback Regulations 2021. According to the regulations, the duties will be refunded under these rules. NBR reimburses the export-oriented companies for the various products, including raw materials and goods in the supply chain. Exporters will have to apply for a refund at the Director General.
Exporters have to apply in a specific form with proof within six months of exporting the goods to get the import duty refunded. After the submission of the application form and documents of the applicant, Director General will take necessary steps to verify and select it. If necessary, on-the-spot inspection will also be done. Within 21 working days of inspection or within 15 working days if inspection is not required, Director General will issue the refund as a cheque in favor of the applicant’s account.
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