AGP Recommends FBR to Ensure Customs Duty Drawback Should Not be More Than Actual Duty Paid
The Auditor General of Pakistan (AGP) has strongly recommended the Federal Board of Revenue (FBR) to ensure that customs duty drawback should not be more than the actual duty paid by the exporter.
The latest audit report of the AGP on customs duty drawback for 2011 issued to the FBR revealed that timely issuance of duty drawback has been ensured through Rule 222 of the Customs Rules, 2001 which provides a timeframe for processing and payment of duty drawback. Three field formations of customs processed duty drawback claims with delays ranging from 30 days to 2,614 days. It was also observed that 296,388 cases involving an amount of Rs. 25,825.96 million remained unprocessed without recording any reasons.