Member Inland Revenue, FBR Dr Muhammad Irshad has assured textile exporters for expeditious payments of outstanding refund claims. FBR will strive to facilitate the exporters being major stakeholders in precious forex earning. While addressing the textile exporters at Pakistan Textile Exporters Association (PTEA) on Tuesday, Member Inland Revenue said, “Textile exporters are playing key role in strengthening the economy and textile sector is the main stay of national economy.
FBR is fully committed to solve the financial issues of exporters as it has become a major challenge that is not only adversely hurting the industrial activities but is also hindering the new investment.” He instructed the regional authorities for speedy disposal of all deferred claims and expeditious processing of refund claims of under Section 66.
He informed that regional tax authorities have already been directed to immediately constitute Advisory Councils comprising representative of exporters/business associations and tax officials to look in to the matters irritating exporters and business community and the necessary notification, in this regard will be issued within a week.
On the issue of notices by the Punjab Revenue Authority, he informed that a meeting of all provincial revenue authorities with the FBR has been fixed on December 17, and the matter will be resolved amicably. Earlier, apprising Member IR of the problems confronting textile exporters, Asghar Ali, Chairman PTEA briefly enlightened the hurdles faced by textile exporters in refund regime.
He requested for speedy deposal of regular claims and stressed for payment of claims under section 66 and deferred. Replying to a question raised by the Group Leader PTEA Ahmad Kamal regarding recovery on account of blacklisted suppliers, Member IR assured that the issue will be resolved through necessary amendment in the law. He instructed the regional FBR authorities to stop initiating any action against exporters for recovery of tax on account of blacklisted suppliers.