Related Keywords: APTMA, considering shortfall in local cotton output, cotton used to manufacture high value yarn, high added products, import of raw and ginned cotton, mainly exported in one form or another, propose duty and sales tax exemption, save domestic industry demand zero duty on import of manmade fibres, textile millers
The All Pakistan Textile Mills Association (Aptma) considering the shortfall in the local cotton output, urged the government on Monday to allow duty and sales tax exemption on import of raw and ginned cotton. As this cotton is used to manufacture high value yarn and in turn high added products, which are mainly exported in one form or another.
The textile millers also said that there should be no sales tax on raw cotton and ginned cotton at the import stage in order to avoid cumbersome procedure of the sales tax refund,
