Home / Knowledge / News / Textiles / PCGA opposes import duty waiver on Indian cotton
PCGA opposes import duty waiver on Indian cotton
30
Jan '16
The Pakistan Cotton Ginners Association (PCGA) has said that the Government should not consider any proposal to waive duty and tax on the import of cotton from India.

The Pakistani Government had imposed a 10 per cent regulatory duty on imports of cotton yarn, grey and processed fabric, particularly from India from November 1, 2015, in a bid to protect the domestic industry by preventing the dumping of cheap raw material.

In a statement in Multan, PCGA Chairman Nawab Shahzad Ali Khan said that regulatory duty, sales tax and customs duty on import of cotton should not be withdrawn and it must continue for survival of local farmers and ginners.

He said that if tax and duty were waived off on the import of cotton from India, then it would be detrimental to local growers and ginners whose 1.5 million bales were lying unsold. He suggested the Government should wait till the disposal of unsold cotton stock.

Khan said that India had been a major beneficiary of duty-free import of cotton yarn by Pakistan for about four years, which had badly hit the domestic industry and agriculture sector. He said there would be a huge loss for the cotton sector if farmers shifted to other crops under a 'well planned conspiracy.'

He said that the exemption from customs duty, regulatory duty and sales tax on imported cotton may hit the domestic industry hard as it would drive down demand for local cotton, which in turn, will mean that farmers will have to be paid lower. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Urs Stalder
Sanitized AG

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

Mohammad Hassan
Biax Fiberfilm

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X