| Textile
associations in Pakistan put forward ideas for industry
development Leading textile-related export
associations of Pakistan asked the Ministry of Textile and
Federal Board of Revenue (FBR) to abolish the customs duty on
the import of textile/weaving and stitching machinery etc, among
other requests including massive changes in customs tariff and
revision of Temporary Importation Scheme. Some export
associations also proposed revamping of licensing of freight
forwarders rules to monitor their activities to avoid misuse.
Other suggestions included changes in procedures for "analysis
certificates" requirements; issuance of bank
guarantees/indemnity bonds; relaxation of conditions in the
Temporary Importation Scheme and proper adoption of the
harmonized customs tariff schedules.
The Pakistan Textile Exporters Association (PTEA) proposed to
the government reduction of customs duty under SRO.575(I)/2006
from 5% to zero on the import of textile machinery for spinning,
weaving, processing, stitching and knitting. It also suggested
5% concessionary duty on the import of spare parts of the
textile industry, as well as duty reduction from 20% to 10% on
import of sodium hydroxide caustic soda in the coming budget.
The Pakistan Readymade Garments Manufacturers and the
Exporters Association (PRGMEA) emphasized the importance of zero
customs duty on the temporary imports of buttons, denim and
other items. It also proposed new procedures for release of bank
guarantee, indemnity bonds along with post dated cheques under
the Temporary Importation Scheme (SRO.1065(I)/2005) and etc.
Concessionary rate of 5% duty on the import of 100% polyester
filament yarn, poly/viscose yarn, acrylic yarn and mixed yarn
was proposed by the Pakistan Silk and Rayon Mills Association.
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