FBR issues a draft of rules for New Export Facilitation Sche

Daily Times
July 11, 2021
The Federal Board of Revenue (FBR) has issued a draft of rules for new Export Facilitation Scheme 2021 and sought comments from industry, exporters and other stakeholders.
According to FBR press statement issued here Saturday, the New Export Facilitation Scheme has been approved by the federal government and passed by Parliament under Finance Act 2021. This scheme would be implemented from August 14, 2021 and would run parallel with existing schemes like Manufacturing Bond, DTRE and Export Oriented Schemes for two years.
The existing old schemes would be phased out in next two years and would be fully replaced by Export Facilitation Scheme-2021, the statement said adding that the draft rules could be accessed at official website of FBR.The Salient Features of new EFS-2021 include minimum documentation and encourages new entrants and SMEs.

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