Pakistan Reduces Import Tax On Purified Terephthalic Acid

2010/10/21 11:22:00 52

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Pakistan

The duty of imported raw terephthalic acid (PTA), a raw material for producing polyester yarn, has been reduced from 7% to 3%.

At the same time, poly (ethylene terephthalate) two ester and bottle grade resin polymer.

Raw material tariff

It has risen from 7.5% to 9%.

The tax reduction for twelve materials and several other types of yarn used in the textile industry is feasible, but has been abolished.

Fancy yarn (nylon), artificial broken fiber, polyester and other types of yarns, mixing.

wool

All of the yarn and other products are included in the list of ingredients, and the related tax concessions have been cancelled.

Supplement:

Cotton prices have risen steadily, rising from 22000 rupees / bags in the past few years to the current 41000 rupees / pack.

The farmers are very happy.

But the industry is uneasy because cotton prices continue to push up the price of cotton yarn.

Last year, the price of cotton yarn was 110 rupees / kg, now 195 rupees / kg.

Therefore, clothing prices will also rise sharply, and clothing export orders may be substantially reduced.

Vinod Thaper, President of Club, said that the consequences of high priced cotton to the textile industry are obvious and are leading to a decline in clothing exports.

This year's floods caused widespread damage to cotton in Pakistan.

India's cotton export policy is very advantageous to the large exporters of the neighboring countries and domestic, but the days of small and medium-sized enterprises are very difficult.