Pakistan Customs has collaborated with the All Pakistan Textile Mills Association (APTMA) on explaining the Export Facilitation Scheme (EFS) to the textile exporters.
Mukarram Jah Ansari, Member Customs, Federal Board of Revenue (FBR), extended this assurance to the premier association of the textile industry in a meeting organized by the Association for its members on the scheme.
Member Customs noted that the maximum export of the country would be switched over to the EFS by the 1st of January 2023. He said FBR would continue to hold sessions with export Associations on different policy and operational matters of the Export Scheme.
APTMA members highlighted that the condition of value addition was not possible in the current schemes of global recession when commodity prices and values of manufactured goods were constantly descending.
Responding to this issue, Member Customs informed that all export schemes were launched with the intent and purpose of fetching more foreign exchange. He, however, expressed his sympathy with the textile exporters when the inputs were procured at a higher value and the price of the end product had been rescinded. He proposed that APTMA send a detailed reference to the FBR about this exceptional situation for redressing it without delay.
Presentations on the main features of the Scheme and its modules were made on the occasion. It may be noted that all the existing schemes will become redundant by August 2023. Meanwhile, Pakistan Customs has announced to hold a detailed training workshop on the indirect export module and other system-related aspects at APTMA Lahore on November 03, 2022, as well.
