Textile body assured of tariff rationalisation
PHOTO: REUTERS
National Tariff Commission Chairperson Robina Ather on Saturday assured the All Pakistan Textile Mills Association (Aptma) Punjab of tariff rationalisation on all industry inputs.
During a meeting with the Aptma Punjab Chairman Adil Bashir, she said the government had assigned NTC the task of rationalising tariff in consultation with all stakeholders. The Federal Board of Revenue (FBR) was already working on it, she added.
The chairman in a detailed presentation pointed out that Aptma has drafted an integrated export-oriented scheme for the value-added chain. The proposed scheme, he said, provided integration of all existing schemes and extends the coverage to the whole value-added chain with free mobility of inputs, intermediary and output goods from one licensee to another licensee and simultaneously protecting the government revenue through a fool-proof mechanism and a fully automated system.
The same may now be considered and approved by the Ministry of Commerce and the revenue board, he asserted.
Bashir proposed to abolish Anti-Dumping Duty (ADD) and reduce customs duty on import of Polyester Staple Fibre (PSF).
Published in The Express Tribune, September 6th, 2020.
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