Home / Knowledge / News / Apparel/Garments / Cost of second-hand clothing imports up five times
Cost of second-hand clothing imports up five times
28
Mar '11
Pakistani importers recently claimed that, riding on the back of additional sales tax (ST) and increase in customs duty and income tax rates, the cost of importing used garments has gone up five times.

Meanwhile, the double-digit inflation in the country has caused the imports of used clothing to plummet by over 50 percent to Rs. 558 million during September 2010 to February 2011.

Muhammad Usman Farooqi, the Patron-in-chief of the Pakistan Second-hand Clothing Merchants Association (PSCMA) said that, the Federal Board of Revenue, through SRO-509 promulgated on March 15, 2011, imposed a 17 sales tax and also raised the income tax in respect of the same by five percent to six percent and customs duty on imports by five percent.

He revealed that, previously the import of second-hand clothes was not subject to the sales tax levy, but subsequent to the imposition of the GST and rise in the customs duty and income tax rates, cost of importing second-hand clothing has gone up, like for instance cost of importing a container of second –hand clothes initially came to Rs. 14,000, now it comes to Rs. 18,500.

He claimed that, not only the 100,000 people, who find direct or indirect employment in this trade, would be affected by the decision, but would also cause the poor section of the society too will have to bear the burden of substantial rise in the prices of used clothing.

The country's overall imports of second-hand clothing from USA, Korea, Europe, Japan and Australia during the September-February 2010 period came to Rs. 785 million.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Textiles | On 25th Jul 2017

Egypt signs agreement with UNIDO for cotton production

Egypt has signed a €1.5 million ($1.74 million) cooperation agreement ...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X