Related Keywords: after a gap of nearly seven months, cotton import by the middle of July, five percent sales tax, impose a four percent customs duty, Pakistan government, plans to reinstate the tariff, response to recent large purchases from overseas
The Pakistan government plans to reinstate the tariff after a gap of nearly seven months in response to recent large purchases from overseas. It will impose a four percent customs duty and five percent sales tax on cotton import by the middle of July, a statement said on Tuesday.
On a proposal by the Finance Division, the ECC (The Economic Coordination Committee) of the Cabinet)) approved the restoration of import duty and sales tax on import of cotton with effect from 15th July 2017, the government statement said.
