The Economic Co-ordination Committee (ECC) of the Cabinet considered the summary submitted by the Ministry of Industries and Production on "Cement Industry situation/prices" and decided to restore exemptions on federal excise duty (FED), sales tax and duty drawback on exported cement; while other related decisions earlier taken by the government will remain intact.
The CBR has accordingly restored the previous duty drawback rate on export of cement. The board has also restored rebate of federal excise duty (FED) and refund of sales tax on the export of cement via land, air or sea route from November 1, 2006.
