SRO removal hampering jewellery exports
KARACHI: Traders claimed on Thursday that gold jewellery exports came to a standstill since last week due to the abrupt removal of SRO760 from the WeBOC system of the Federal Board of Revenue (FBR). Pakistan Gems Jewellery Traders and Exporters Association (PGJTEA) Chairman Habib-ur-Rahman in a letter informed the FBR that the SRO facilitates various exemptions including sales tax but its removal from the WeBOC system has led to the incorrect display of sales tax as payable. There was neither prior notification nor any explanation provided for the removal of the relevant SRO from the system. As a result, all exports of gold jewellery have been halted, causing distress among the exporters, he claimed.