Home / Knowledge / News / Textiles / Waiver of 15% regulatory duty upsets Value-Added Forum
Waiver of 15% regulatory duty upsets Value-Added Forum
29
Jul '10
Syed Muhammad Aasim Shah, leader of the Value-Added Textile Forum, has denied the Cabinet Committee on Textiles' decision to relinquish the 15 percent regulatory duty and to eliminate the upper cap and restrictions thereof, citing the move to be unfair and irrational.

According to him, the Federal Government was prejudiced as it left aside the readymade garment manufacturers, bedwear and cloth manufacturers, who draw 10 times the foreign exchange then that drawn by those exporting raw material.

Propositions did exist for further extending the regulatory duty for one month, but authoritative and dominant All Pakistan Textile Mills Association (APTMA) managed to capsize this proposition, and got duty-free yarn export rule sanctioned, said Shah. He also added that, though there were similar proposals presented by the made-up industry, government's Committee did not entertain the same.

Shah further said that, government had assured that, it will further carry on with the 15 percent regulatory duty for three months, to safeguard the power looms, bed-wear, towel and the ready-made garment sectors.

However, the duty, which was levied on May 12, was waived just in two-and-half months on July 26. Shah informed that, the duty was levied mainly for the value-added textile industry, who complained of dearth of yarn in the country.

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Kerem Durdag
Biovation II LLC

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

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

Sanjukta Dutta
Sanjukta's Studio

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

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

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:
May 2017

May 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