Home / Knowledge / News / Textiles / Pak levies 10% import duty on cotton yarn
Pak levies 10% import duty on cotton yarn
19
Jul '16
Pakistan government has announced an import duty ranging from 10% to 30% on cotton yarn and other commodities such as iron and alloy steel, according to media reports from Karachi, the country's commercial capital.

As per SRO 614(I)/2016, government has withdrawn regulatory duty exemption on the import of cotton yarn, which would now be subject to 10 % regulatory duty (RD).

Pakistan imported cotton yarn worth $27.35 million in the first half of this calendar year.

According to the SRO, semi-finished products of iron or non-alloy steel and various sections of steel beams would be subject to 30% import duty, while import of alloy steel in ingots or other primary forms would attract a levy of 15% and imported semi-finished products of high speed steel would be slapped with 25% regulatory duty.

Earlier, bars and rods, angles, shapes and sections, hollow drill bars and rods of alloy or non-alloy steel were exempt from import duty but even these items will attract a regulatory duty of 30% on their import.

The import of the above mentioned iron-steel products during the first half of this calendar year stood at $60.141 million. Also, the import of unsweetened cocoa powder which stood at $6.72 would now attract a regulatory duty of 10%. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Kai Poehler
Voith Paper GmbH & Co. KG

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

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

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

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

Sanjukta Dutta
Sanjukta's Studio

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

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
March 2017

March 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