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PRGMEA demands no sales tax payment-refund for exporters

03
Jun '20
Pic: Shutterstock
Pic: Shutterstock
The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) recently called for the restoration of zero-rated regime of ‘no payment and no refund of sales tax’ for export-oriented sectors, including textile, at least for a year to sustain the industry during the liquidity crunch resulting from the novel coronavirus crisis.

In its budget proposals sent to adviser to the prime minister on commerce Abdul Razak Dawood, PRGMEA north zone chairman Sohail A Sheikh and chief coordinator Ijaz A Khokhar urged the government to release all stuck claims of exporters, including drawback of local taxes and levies (DLTL), duty drawback on taxes (DDT), customs rebates and sales tax rebates, as the liquidity crunch has turned a major stumbling block in the way of raising exports.

The apparel industry should be allowed to import fabric under the SRO 492 scheme, as the weaving industry of Pakistan is unable to fulfil demand for fashion wear, they wrote.

Khokhar demanded a single-window operation so that exporters could focus on market research and marketing for their products, according to Pakistani media reports.

He also proposed that cotton yarn, the major raw material of apparel sector, should be exempted from all duties and taxes to encourage value addition.

Fibre2Fashion News Desk (DS)


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