Home / Knowledge / News / Apparel/Garments / PRGMEA for waiver of taxes until payment; demands DLTL extension
PRGMEA for waiver of taxes until payment; demands DLTL extension
28
Sep '11
Spokesman of Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has said the government should waive other taxes until the stuck up claims of readymade garments exporters are not paid to lessen financial burden on them.

He has criticized government for delaying release of stuck up claims worth Rs 23.42 billion under the Duty Drawback of Local Taxes & Levies (DLTL) Scheme.

He said the funds allocated for payment of stuck up claims of readymade garment exporters, as informed to the National Assembly Standing Committee on Textile, are insufficient and it would take years and years before full and final payment to the exporters against their outstanding claims.

The spokesman said the readymade garments exporters have already been denied their refunds since early this year and present arrangement would further be destructive to the Small and Medium Enterprises (SMEs) of readymade garment industry.

According to him, the State Bank of Pakistan has cleared only Rs 5.3 billion so far out of total claims of Rs 28.72 billion submitted by exporters until fiscal year 2011.

It may be noted that the government had announced DLTL Scheme under the first-ever-five-year Textile Policy 2009-14, setting $ 25 billion exports target in 5 years. While encompassing a broad based agenda including technology up gradation, infrastructure development, skill development, and fiscal measures for ailing textile industry along with removal of regulatory bottlenecks, the government has left the agenda half-achieved with blockage of claims of huge amounts.

PRGMEA spokesman said the government should pay charges for undue delay in payment of stuck up claims, as the entrepreneurs are charged with penalties in case they pay taxes by delay. He said process of payment to the exporters is unnecessarily slow and the association has received complaints from many member companies on this count.

He said the government policymakers, in recent interactions, were of the view that the association that funds have been released but the SBP staff is suggesting otherwise.

He has urged the government to not only release the stuck up claims forthwith but also announce continuity of the DLTL Scheme to facilitate the exporters in finalising fresh contracts with international buyers.

Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA)


Must ReadView All

US announces final CVD on fine denier PSF from China, India

Textiles | On 19th Jan 2018

US announces final CVD on fine denier PSF from China, India

The US secretary of commerce Wilbur Ross recently announced the...

EU consumers to gain from cheaper, safer, better e-payments

Apparel/Garments | On 19th Jan 2018

EU consumers to gain from cheaper, safer, better e-payments

European consumers can now reap the full benefits of paying online...

Courtesy: Epson

Textiles | On 19th Jan 2018

Epson's new SC F2100 enhances DTG printing

Epson, a leader in inkjet printers and digital textile printing...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search