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Nawab Shahzad Ali Khan said that regulatory duty, sales tax and customs duty on import of cotton should not be withdrawn and it must continue for survival of local farmers and ginners.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

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Marcel Alberts
Eurofibers

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

Urs Stalder
Sanitized AG

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

Kerem Durdag
Biovation II LLC

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

October 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

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

Yes No

Active Poll

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

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

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

Yes No

Active Poll

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

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

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

Active Poll

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

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


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