Home / Knowledge / News / Textiles / Pakistani tanners urge govt to review sales tax
Pakistani tanners urge govt to review sales tax
26
Feb '14
The Pakistan Tanners Association (PTA) has appealed to the Government to review the sales tax (ST) regime, as the proposed hike in the ST to 17 percent would adversely affect the export-oriented leather sector of the country.
 
PTA central chairman Shaikh Saqib Saeed Masood said the Federal Board of Revenue’s plan to raise the ST to 17 percent on purchase of raw material by the all export-oriented industries of the country would negatively impact the already perturbed leather industry, reports Business Recorder.
 
Mr. Masood said there is a need to review the ST regime and include raw hides and skins in the revised edition of the Manual of Agricultural Produce Market Committee Laws of the provinces of Pakistan which includes agricultural produce like raw cotton (phutti), cotton ginned (lint), cotton waste.
 
If raw skins and hides are included in the manual then leather goods exporters from the country might be able to avail exemption from the ST and can propel their exports, he added.
 
The PTA chief said that leather is the second largest exporting sector of Pakistan, earning the country annual export revenue of US$ 1.14 billion, and providing jobs to one million people in the country.
 
The leather industry has tremendous growth potential and can become a $3 billion industry within the next three years if the Government extends its support towards the sector and ensures a level playing field, he added.
 
 
To connect manufacturers and suppliers with buying houses and fashion brands, Fibre2fashion.com is coming up with an online fair on Leather Skin Show 2014” scheduled in Mid March-2014.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson
TissueGen

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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