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Tag Archives: Input-Output Co-efficient Organization (IOCO)

IOCO starts to issue ‘final certificates’ to importers under SRO565

KARACHI: The Input-Output Co-efficient Organization (IOCO) has started to issue final certificates to the importers under SRO565(I)/2013 in order to allow them to import machinery, raw materials and other equipment into country, it is learnt here. The sources informed Customs Today that the process of issuance final certificates is continued and would be completed by the end of March-2015. They ... Read More »

Exporters demand increase in duty draw back rates

KARACHI: The exporters and trade bodies have demanded Federal Board of Revenue (FBR) to increase the rate of Duty Draw Back (DDB) on exports due to significant increase in US dollar exchange rate since 2009, it is learnt here. The sources informed Customs Today that the authorities concerned of FBR have given the task to the Input Output Co-efficient Organization ... Read More »

Importers balk IOCO bid to survey manufacturing units in Karachi

KARACHI: The Input Output Co-efficient Organization(IOCO) of Federal Board of Revenue is facing enormous problems in surveying the manufacturing units in Karachi as the importers are not taking the survey process being continued by the IOCO serious, Customs Today learnt on Wednesday. The sources said that the importers after taking provisional certificates from filed formation Collectorates think that they have ... Read More »

IOCO director issues guidelines for speedy disposal of cases

KARACHI: Input-Output Co-efficient Organisation (IOCO) Director Shahnaz Maqbool has issued guidelines for speedy disposal of cases and surveys being conducted by the IOCO team. According to directives of the IOCO director, the authorities’ concerned/surveyors of IOCO should complete their survey visit in two days. It was directed that the surveyors should submit their report on weekly basis so that provisional ... Read More »

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 ... Read More »