Plea to reverse budgetary decision on DTRE approval |
RECORDER REPORT |
Saturday, 4 Jul, 2009 4:33 am |
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ISLAMABAD : Exporters have approached the Federal Board of Revenue for withdrawal of a customs-related budgetary decision to transfer the powers of Duty and Tax Remission of Export (DTRE) approvals from collectors of customs to sales tax collectors. In budget 2009-10, the board has transferred the powers of DTRE approvals from sales tax collectors to collectors of customs.
However, exporters and some Model Customs Collectorates (MCCs) have asked the board to reverse the budgetary decision. Exporters have argued that the sales tax collectors have necessary infrastructure and documentation for granting DTRE approvals. In the past, the powers of the DTRE approvals were available to the collectors of sales tax.
When exporters have approached the collectors of sales tax for DTRE approvals, tax officials argued that the powers have been withdrawn through Finance Bill (2009-2010) and they are not legally empowered to grant DTRE approvals. It is further learnt on Friday that some collectors of customs have again demanded that DTRE approval be done by collectors of sales tax.
According to the amendment made in the Customs Rules 2001 in budget, "Regulatory Collector" means the Collector of Sales Tax in whose jurisdiction the DTRE applicant registered under the Sales Tax Act, 1990. Now, a DTRE applicant who intends to obtain DTRE approval on the basis of specific export or supply contract or order shall apply to the Collector of Customs in the relevant Appendix of the rules.
Copyright Business Recorder, 2009
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