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Implementing DTRE: MCC-Exports yet to take action on IOCO recommendations

Implementing DTRE: MCC-Exports yet to take action on IOCO recommendations

KARACHI: The Model Customs Collectorate (MCC) of Exports has not yet taken any action against the recommendations forwarded by the Input-Output Co-efficient Organization (IOCO), last month regarding scrutinizing the value addition and implementing Duty Taxes Remission on Exports (DTRE) in M/s Lucky Textile case, it is learnt here.

The FBR sources informed Customs Today that the IOCO has forwarded recommendations to MCC-Exports in which it suggested to scrutinize the value addition of M/s Lucky Textile since the year 2011 and also re-examine the DTRE tabulation of M/s Lucky Textile regarding its imports and exports.

The sources further informed that the MCC-Exports has not yet taken any action in this regard and even did not reply the IOCO recommendations.

When contacted, one of the senior officers in MCC-Exports Collectorate told this scribe that it was rare that the value addition was not taken place in export of any consignments, however; it was not possible to ignore the value addition in export of consignments for last three years.

Replying to a question, the Pakistan Customs officer said that he didn’t know further details in the case of M/s Lucky Textile.