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I Agree To 15% Of The Adjustment Tax For The Export Of Yarn.

2010/5/19 10:40:00 49

Yarn

On Wednesday, the cabinet textile committee agreed to levy 15% of the adjustment tax on all types of yarn exports at the conference on yarn crisis resolution.


 


This regulatory tax is effective in two months. Prior to that, PAF held a nationwide demonstration and strike on Tuesday. They said they would continue to protest against yarn export and high yarn prices. "We will continue to protest until the government prohibits the export of yarn," said Jia Wei Bi vwany, chairman of the clothing forum.


 


Bilwani said that the government should prohibit or levy 25% of the adjustment tax on the export of yarn, which is due to the shortage of local markets and high prices. The costume forum will hold a meeting on Thursday to decide the future course of action.


 


PRGMEA, former president of the garment manufacturers and Exporters Association (PRGMEA), said that the forum will meet on Thursday to decide the future strategic issues. Mulla said that the added value textile sector will continue to protest in the province, which is their decision. But no more protests were seen on Wednesday.


 

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