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Definition of Exported Goods
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New definition of ‘exported goods’ as per SRO issued by FBR

The Federal Board of Revenue (FBR) has changed the definition of the exported goods for claiming duty drawback covering supplies against international tenders or supply to industrial units, projects, institutions, agencies, and organisations.

The FBR has notified SRO41 (I) 2022 to issue draft amendments in the Customs Rules, 2001, here on Wednesday. Under the revised rules, the new definition of the exported goods means exported item to any foreign country including Export Processing Zone in Pakistan or for supplies against international tenders, or for supply to industrial units, projects, institutions, agencies and organizations, entitled to import at concessionary rates.

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The existing definition of the “exported goods” means exported items to any foreign country including Export Processing Zones in Pakistan except to Afghanistan via land route and through Afghanistan to the Central Asian Republics.

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About the jurisdiction for the purpose of claims against international tenders, the new rules revealed that the Collector of Customs having jurisdiction on the area in which the unit is registered under the Sales Tax Act, 1990 shall process such duty drawback claims.

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The proposed rules further revealed that the documents required for claims of duty drawback on local supplies made against international tender or for supply to industrial units, projects, institutions, agencies and organisations, entitled to import free of duty and taxes shall include advertisement calling for international tenders; copy of contract; sales tax invoice; certificate of receipt of goods by the buyer agency or institution; and proof of receipt of sales proceeds or funds in foreign exchange into SBP in case of supplies involving foreign exchange component in procurement or bank statement showing receipt of funds (local currency) from buyer, as the case may be.

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