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As per SRO 614(I)/2016, government has withdrawn regulatory duty exemption on the import of cotton yarn, which would now be subject to 10 % regulatory duty (RD).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 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Veronique Lee
Modavanti

Pratik Bachkaniwala
Palod Himson Machines

Kerem Durdag
Biovation II LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mohammad Hassan
Biax Fiberfilm

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

Mike Hoffman
Gildan Activewear SRL

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

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
September 2016

September 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search