News Tags

Related Keywords: burden of taxes and other crisis, ginning sector, include in special relief package, Pakistan Cotton Ginners Association, revision of tax slabs package, unable to run factories in the next season, urged government

The Pakistan Cotton Ginners Association has urged the government revision of tax slabs package to be included in the special relief package for the ginning sector, as they will be unable to run factories in the next season of 2017-18 due to burden of taxes and other crisis.

PCGA chairman Dr Jeso Mal demanded incentives-oriented package for the ginning sector as textile industry was the only buyer of cotton in the market and there was no other buyer in the country.

The PCGA chairman said that the ginning sector should be declared tax-free industry at least for three years.

Related Keywords: alleged Grasim Industries, end anti dumping duty, hurting domestic textile industry, imposed on shipments from China and Indonesia, Indian Spinners Association, ISA, prime manufacturer of VSF, selling raw material at higher prices than global rates, urged government, Viscose staple fibre

The Indian Spinners Association (ISA) has alleged that Grasim Industries, the prime manufacturer of VSF in India, is selling the raw material at prices much higher than global rates, hurting the domestic textile industry and hence urged the government to do away with the anti-dumping duty on viscose staple fibre (VSF), imposed in 2010 on shipments from China and Indonesia.

In India, VSF is a major input in the manufacture of fabrics made of poly-viscose and 100 per cent viscose yarn. There are about 150 spinning mills in the country, with about five million spindles.

Related Keywords: boost textile and clothin sector, Custom rebates, DLTL, for next five years, GSP Plus facility, introduce special gas and electricity tariff, of exporters, Pakistan textile policy, PRGMEA, sales tax rebate, to release all stuck up claims, urged government

Muhammad Naseer Malik, Vice Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) appreciating the government of Pakistan for announcing an ambitious Textile Policy for next five year 2014-19 has urged the government that all stuck up claims of the exporters including DLTL, Custom Rebates, Sales Tax Rebate etc need to be released within a month.