Home / Knowledge / News / Textiles / Pakistan govt reduces sales tax on fabric imports
Pakistan govt reduces sales tax on fabric imports
08
Oct '13
The Revenue Division of the Ministry of Finance, Government of Pakistan, has issued a notification reducing the sales tax on import of fabrics to three percent from the earlier five percent.
 
“Notwithstanding anything contained in any other condition of this Notification, import and supplies of fabric shall be charged to sales tax at the rate of three percent and value addition tax at the rate of two percent shall be chargeable on commercial imports of fabrics,” the notification said.
 
SRO 898(1)/2013 does not differentiate between the finished and raw fabric for levying sales tax at 3 percent rate.
 
Under the Finance Bill (2013), the Federal Board of Revenue (FBR) had initially introduced 17 percent sales tax on finished goods. However, this tax was later on reduced to 5 percent through notification 682(1)/2013. 
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: The Irish News/Christian Cowan (Google)

Fashion | On 24th Feb 2017

Google & Christian Cowan create 'really blue' jeans

Google has partnered with British fashion designer Christian Cowan to ...

Textiles | On 24th Feb 2017

Pakistan's textile exports down 1.54% in July-Jan FY17

The value of textile and garment exports made by Pakistan decreased...

Fashion | On 24th Feb 2017

Suntchi, CFDA partner to give US designers access to China

Suntchi (Shanghai) Brand & Technology Co Ltd, a full-service...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Kevin Nelson
TissueGen

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madhu Jain
Madhu Jain

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search