Home / Knowledge / News / Textiles / KCA seeks waiver of duties, taxes on cotton import
KCA seeks waiver of duties, taxes on cotton import
05
Jul '16
The Karachi Cotton Association (KCA) has urged the government to waive all duties and taxes on import of cotton immediately to facilitate the local textile industry meeting their requirement of raw material from abroad amid shortage of commodity in the country.

The Pakistani textile industry has been compelled to import raw cotton from overseas markets to meet its demand requirement of basic raw material following the devastating crop failure in 2015-16 season when cotton output fell to 9.786 million bales, the KCA said in a statement on Monday.

“The industry wants to ensure contribution towards achieving the target of exports fixed by the government,” the KCA said.

“However, the increased taxes on imported cotton are not only translating to rise in cost of doing business of the textile sector, but also making such products costlier in the international market,” it added.

The textile industry pays three per cent custom duty and one per cent additional duty on import of cotton.

The KCA urged the government to ensure free trading policy in cotton i.e. free export and free import of cotton without any quantitative and qualitative restrictions.

The government needs to take concrete measures to increase cotton production in the years to come, the statement said. This would ensure that there would be ample surplus cotton available for the domestic consumptions as well as exports to keep the presence of Pakistan cotton in the international market and earn much needed foreign exchange for the country. The provision of export surplus will ensure international price of cotton to the Pakistani growers. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Victor Chao
Esmetex

Shawn Honeycutt
Bolger & O'Hearn

Kamlesh Vaghela
RK Textiles

Eamonn Tighe
Nature Works LLC

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search