Sunday, December 13, 2015

Finance Ministry notifies revised duty drawbacks rates

The Finance ministry notified revised rates of duty drawback that will be effective from November 23.

Duty drawback rates raised on engineering goods, leather handbags, readymade garments made of cotton wool and cotton with lycra , shrimps Two percentage points rise in duty drawback for engineering sector to allow higher tax refund to exporters of machinery and appliances, electrical machinery, tools among others.

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