Pakistan Textile Protection Tax And Customs Duties

RanaArifTauseef, chairman of PTEA, said that filament yarn was not eligible for tax rebate. The heavy duty maintenance tax and 8% tariff on raw materials produced by the country were bad for exporting textile products and affecting their domestic products. Spin Exports of goods.

He further pointed out that regional competitors in China, Sri Lanka and India bought raw materials at a lower price, and the cost of competition for competitors was still very low, which allowed them to sell products to global buyers at lower competitive prices.

Not only are raw materials, but the cost of export textile production in these countries is also significantly lower than that in Pakistan, so exporters in these countries provide very competitive prices for overseas buyers.

Tauseef said, in the context of economic globalization and Trade In the years after the transition, competition is becoming more and more intense, and exporters' demand reduces production costs to the lowest level, so as to maintain their living and development.

On the contrary, Pakistan's textile exporters are heavily taxing. Maintenance tax And being taxed will only benefit raw materials importers and domestic producers, such as filaments and chemicals manufacturers.

He believes that compared with regional competitors, Pakistan's textiles Exit There is no reasonable competition, because the cost of production and raw materials is higher than that of other countries in the region. The increase of production cost leads to the lack of competitiveness of Pakistan's products in the global market. Most other export countries provide assistance to exporters by providing tax, tax exemption, tax relief, and zero cost of production costs to exporters. The Pakistan Textile Exporters Association (PTEA) has urged the authorities to withdraw the maintenance tax and tariff of raw materials imported from the domestic textile industry, and also allow tax rebates for raw materials and customs duties, so as to help domestic textile enterprises reduce production costs and enhance their global competitiveness. For example, India provides tax rebates for exporters, while China provides low cost production inputs.