APTMA budget proposals seek vital intervention in tax regime
07 May '09
3 min read
So far as duty drawback to zero rate multiplier effects of the incidence of taxes, levies is concerned, APTMA has urged the government to allow duty drawback on yarn @ 3 - 5% and Greige Fabric @ 4.5% of the turn over value and to the downstream sector on cascading basis.
The APTMA spokesman said an early removal of supply side constraints and financial support to the industry would enable it to attract much-needed investment in the country and to provide jobs to the masses at large.