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Tanners' body seeks less duty on leather industry inputs
20
Jul '11
Pakistan Tanners Association (PTA) has urged the Ministry of Commerce to slash the duty on formic acid, chromium sulphate and fat liquors, key inputs for the leather industry, in the upcoming Trade Policy.

PTA Chairman Aziz Ahmed has asked the Government to release funds for execution of the schemes declared under the Trade Policy 2009-12, but have not yet been executed for want of funds. He also called upon the Government to cut the export refinance mark up rate for leather industry to five percent at least for the next two years.

He sought that the provincial infrastructure tax that the Sindh government levies at point of import and which varies between 0.80 to 0.85 percent should be rolled back. Also, he demanded that the livestock policy should be improved in consultation with the leather and leather garment exporters.

Besides, the PTA Chairman said that the leather garments and leather items exporters should be provided assistance for training their workers. Further, the commission that the exporters pay in Pakistani currency to the agents for availing their export related services should be fixed as a one-time payment at one percent on value of exports.

Moreover, he even demanded that exporters should be allowed to import or export samples of leather garment and leather items in proportion of their previous year's export volume, regardless of any particular annual monetary or quantitative ceilings.

Fibre2fashion News Desk - India


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