Home / Knowledge / News / Textiles / Yarn trade bodies oppose regulatory duty on yarn exports
Yarn trade bodies oppose regulatory duty on yarn exports
15
May '10
All Pakistan Textile Mills Association (APTMA) and Pakistan Yarn Merchants Association (PYMA) have firmly resisted the government's recent move to impose 15 percent regulatory duty on exports of cotton yarn. Spokespersons of APTMA and PYMA here stated that, the decision would concern the core segment of the textile industry, as a significant number of the export deals are under way.

With a view to secure availability of yarn to the downstream industries, a 15 percent regulatory duty on yarn exports was imposed by the Cabinet Committee on Textile on May 13, effective till July 12, 2010.

APTMA spokesperson stated that, within a day or two they intend to move the higher courts to obtain stay order against the move, as any sort of intrusion or temporary measures would not only push the sector to distress, but would also affect the value-added sector, and the economy as a whole.

A spokesperson of PYMA said that, if the spinning industry, which imports 15 percent of its total raw material requirements can still keep functional and compete in overseas markets, then why can't the value-added sector too import and stay competitive, and that to, when unlike the spinning sector, it draws several incentives like export refinance, etc, from the government.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Kevin Nelson
TissueGen

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

Urs Stalder
Sanitized AG

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sanjukta Dutta
Sanjukta's Studio

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

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
April 2017

April 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