Rs8bln DLTL claims to be cleared from tomorrow : comparemela

Rs8bln DLTL claims to be cleared from tomorrow


Rs8bln DLTL claims to be cleared from tomorrow
July 1, 2021
ISLAMABAD: Government will release Rs8 billion under drawback of local taxes and levies (DLTL) claims of industries from Friday (tomorrow) to help them overcome liquidity crunch, commerce adviser said on Wednesday.
Adviser to Prime Minister for Commerce and Investment Razak Dawood said the fund will be transferred starting from 2nd July. “I hope that this will facilitate the cash flow issues of our business exporters and strengthens their production,” Dawood wrote on Twitter.
The government has allocated Rs20 billion for DLTL scheme in the budget 2021/22 despite demand of textile exporters, who are the main claimants, to increase the allocation to at least Rs75 billion to clear backlog and new duty drawback of taxes (DDT) / DLTL claims.

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