AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

Former Punjab Minister for Industries and ex-president of MCCI Khawaja Muhammad Jalaluddin Roomi has welcomed the decision of Federal Board of Revenue (FBR) on Sunday to allow duty free import of a wide range of textile machinery and equipment including machines for extruding, drawing, texturing or cutting manmade textile materials and textile winding (including weft-winding) or reeling machines.
He said that Prime Minister Syed Yousaf Raza Gilani had assured him in a meeting at Multan on Eidul Fitr that textile policy would be implemented in letter and in spirit. Now FBR has also exempted from Customs duty colour dyed to improve the quality of the textile products. He said that this incentive was the part of the first ever textile policy to reduce the cost of industrialisation and expansion as well as up-gradation of the existing textile industry of the country to meet the quality requirements in the exports markets.
On the instructions of Prime Minister, the Federal Board of Revenue issued the SRO 809(I)/2009 containing Pakistan Customs tariff headings of the textile machinery whereby no customs duty would be charged.
He said that exemption of customs duty would be applicable on import of machines for reeling, unreeling, folding, cutting or pinking textile fabrics and machines for preparing textile fibres; spinning, doubling or twisting machines and other machinery for producing textile yarns; textile reeling or winding (including weft-winding) machines and machines for preparing textile yarns for use on the machines of heading 84.46 or 84.47 of PCT.
Textile industry can enjoy duty exemption on import of machines for preparing textile fibres including carding machines, combing machines, drawing or roving machines, blow room machinery, textile spinning machines, textile doubling or twisting machines, textile winding (including weft-winding) or reeling, machines weft winding machines, cone/bobbin winding machines, reeling machines, weaving machines (looms) for weaving fabrics of a width not exceeding 30cm and for weaving fabrics of a width exceeding 30 cm, shuttle type of power looms and others and for weaving fabrics of a width exceeding 30 cm, shuttleless type.
The exemption of customs duty would be applicable on import of knitting machines, stitch-bonding machines and machines for making gimped yarn, tulle, lace, embroidery, trimmings, braid or net and machines for tufting.
It also covers circular knitting machines with cylinder diameter not exceeding 165 mm, with cylinder diameter exceeding 165 mm, flat knitting machines; stitch-bonding machines, multi-head embroidery machines, auxiliary machinery for use with machines of heading 84.44, 84.45, 84.46 or 84.47 (for example, dobbies, Jacquards, automatic stop motions, shuttle changing mechanisms); parts and accessories suitable for use solely or principally with the machines of this heading or of heading 84.44, 84.45, 84.46 or 84.47 (for example, spindles and spindle flyers, card clothing, combs, extruding nipples, shuttles, healds and heald-frames, hosiery needles). Duty exemption will cover auxiliary machinery for machines of headings 84.44, 84.45, 84.46 or 84.47.
The machines include dobbies and Jacquards; card reducing, copying, punching or assembling machines for use therewith and parts and accessories of machines of heading 84.44 or of their auxiliary machinery, parts and accessories of machines of heading 84.45 or of their auxiliary machine, card clothing, tops and flats of machines for preparing textile fibres, other than card clothing.
Duty exemption would cover spindles, spindle flyers, spinning rings and ring travellers. It included spindle flyers and ring travellers, spindles, spinning rings and parts and accessories of weaving machines (looms) or of their auxiliary machinery like reeds for looms, healds and heald-frames and duty exemption would be available on the import of parts and accessories of machines of heading 84.47 or of their auxiliary machinery and sinkers, needles and other articles used in forming stitches.
The exemption of customs duty would be applicable on import of machinery for the manufacture or finishing of felt or non-woven in the piece or in shapes, including machinery for making felt hats; blocks for making hats, household or laundry-type washing machines, including machines which both wash and dry and machines, each of a dry linen capacity not exceeding 10-kg. It included fully automatic machines, other machines, with built-in centrifugal drier and machines, each of a dry linen capacity exceeding 10-kg.
The machinery (other than machines of heading 84.50) for washing, cleaning, wringing, drying, ironing, pressing (including fusing presses), bleaching, dyeing, dressing, finishing, coating or impregnating textile yarns, fabrics or made-up textile articles and machines for applying the paste to the base fabric or other support used in the manufacture of floor coverings such as linoleum, machines for reeling, unreeling, folding, cutting or pinking textile fabrics.
Textile industry can also avail duty exemption on import of dry-cleaning machines, drying machines, each of a dry linen capacity not exceeding 10-kg 5, ironing machines and presses (including fusing presses), washing, bleaching or dyeing machines, washing machine, bleaching machine, dyeing machine, machines for reeling, unreeling, folding, cutting or pinking textile fabrics.
Other machinery included coating or laminating machine, machinery for pressing, dressing and finishing machine, mercerising machine, sanforising machines, stentering machines, shrinking machines and others. The exemption of customs duty would be available on import of sewing machines, other than book-sewing machines of heading 84.40; furniture, bases and covers specially designed for sewing machines; sewing machine needles.
It covers sewing machines of the household type in ckd/skd condition. Other sewing machines, automatic units, sewing machine needles, furniture, bases and covers for sewing machines and parts thereof, other parts of sewing machines and duty exemption would also be applicable on other items specified in the notification.

Copyright Business Recorder, 2009

Comments

Comments are closed.