DAWN.COM

Today's Paper | May 09, 2024

Published 23 May, 2015 07:02am

25pc duty on Iranian cement proposed

LAHORE: All Pakistan Cement Manufacturers Association (APCMA) has suggested 25 per cent customs duty, which is currently at 1pc, to discourage import of Iranian cement.

The association in a statement on Friday stated that the merchants did hide the volume of imported cement to evade duties. “Inaction against these misdeclarations and smuggling were not only slashing government’s revenues but also hurting the local industry,” it added.

It said around 34,000 tonnes of Iranian cement were imported in April and another 20,000 tonnes up to May 15, 2015 .

The local cement industry was subject to duties even on raw materials, spare parts and packaging materials resulting in higher production cost, it lamented.

Published in Dawn, May 23rd, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Read Comments

Only way back for PTI is if it offers earnest apology, forgoes politics of anarchy: DG ISPR Next Story