Related Keywords: 4 percent customs duty, 5 percent sales tax, buyers hoping government, cotton imports from first Jan, KCA, may cut duty and taxes or withdraw, moderate trading activity, needy spinners chasing quality lint, short supply disappointed many, spot rate, witnessed at the cotton market
Moderate trading activity was witnessed at the cotton market on Friday, with needy spinners chasing quality lint but short supply disappointed many. Most buyers preferring to mark time in the hope that the government may cut duty and taxes or withdraw 4 percent customs duty and 5percent sales tax on cotton imports from Jan 1, 2018, brokers said.
