The Economic Coordination Committee (ECC) of the cabinet on Wednesday withdrew customs duty on import of cotton yarns .
ECC has withdrawn customs duty on import of cotton yarns to facilitate the Value-Added exporters. This will be notified with the approval of the cabinet. The withdrawal of customs duty has been approved to ensure smooth supply of cotton and cotton yarn.
The Value-Added manufacturers and exporters can import cotton yarns at 0% customs duty said Razak Dawood Adviser to Prime Minister for Commerce and Investment.
“Only the half is done,” said Jawed Bilwani, chairperson of Pakistan Apparel Forum that also demands imposition of duties on cotton yarn exports.
“We want the same level of duties on yarn exports as on yarn imports,” he added.