Related Keywords: customs duty, Federal Board of Revenue, immediate relief as huge quantity of cotton, imports of raw and ginned cotton, notification states, stuck at ports for clearance, textile millers, textile sector will avail benefits, withdrawn sales tax
The Federal Board of Revenue (FBR’s) notification states that textile sector will avail the benefits on imports of raw and ginned cotton having withdrawn sales tax and customs duty on cotton imports on Tuesday in line with the government’s order, a move that was resented by the growers.
The tax concession would provide immediate relief as huge quantity of cotton is stuck at ports for clearance since the ECC’s decision, said Asif Inaam, zonal chairman of All Pakistan Textile Mills Association.
