President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has assured members of Pakistan Chemical & Dyes Merchants Association (PCDMA) delegation to take up their issues with Federal Board of Revenue (FBR) and other concerned authorities to get them resolved.
He also asked them to submit practical suggestions to be taken up with concerned authorities to resolve the issue of commercial imports.
Talking to a delegation of PCDMA led by its Chairman & Former Director Pakistan Stock Exchange Amin Yousuf Balgamwala, he said he will take up the issue of SRO 1190 with member board for resolving this issue of commercial importers and expressed hope to get it solved soon.
He also asked for suggestion from PCDMA in valuation ruling and prices of different items and assured that KCCI will definitely help in making correct valuation ruling and always support commercial importers.
He also agreed to a suggestion of chairman PCDMA to form a committee for joint effort in resolving the issues and asked to nominate their representative.
Amin Yousuf Balgamwala brief the President KCCI about the issues of sales tax, SRO 1190 etc. of commercial imports.
He said there are lots of problems in value addition and we have sent letters to concerned authorities but failed to get any attention.
He also demanded that valuation ruling should be changed every 3 months, which is not revised for many years.
He sought the help of KCCI in solving the problems of commercial importers.
He said that condition of CNIC is going to be re-imposed from January 2020, so we have to make some united efforts before time.
He said commercial importers regularly pay their due taxes but still they called us tax evader, which is not justified.
The delegation comprises of vice chairman Asif Ebrahim, former chairman Haroon Agar, Arif Balgamwala. Secretary General of Businessmen Group, AQ Khalil, SVP, KCCI Rashid Islam and VP Shahid Ismail were also present on the occasion.
Copyright Business Recorder, 2019
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