The Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) has expressed concern over increasing taxes on the import of polyester yarn, saying the step has directly affected the sportswear industry of Sialkot. The government had recently imposed a 5 per cent regulatory duty on such import with an average 7 per cent anti-dumping duty.
The total duties and taxes, including anti-dumping duty, account for 30 per cent that makes it difficult for the polyester-based sportswear industry to compete in the international market, Pakistani media reports quoted PHMEA central chairman Khurram Anwar Khawaja as saying.The Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) has expressed concern over increasing taxes on the import of polyester yarn, saying the step has directly affected the sportswear industry of Sialkot. The government had recently imposed a 5 per cent regulatory duty on such import with an average 7 per cent anti-dumping duty.#
Anti-dumping duty is also imposed on the polyester fully drawn yarn that is not locally manufactured, which is against laws, he said.
Khawaja demanded that the government should abolish all duties and taxes imposed on the polyester yarn so that sportswear manufacturers and exporters can compete in global markets.(DS)
Fibre2Fashion News Desk – India
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