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ECC withdraws customs duty on cotton yarn import
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ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the Cabinet Wednesday withdrew Customs Duty on import of cotton yarn till June 30,2021, to ensure smooth supply of the commodity to the value-added industry, while bridging the gap between domestic production and overall demand for the inputs.
The summary for withdrawal of Customs Duty on import of Cotton Yarns under PCT 5205, 5206 and 5207 was presented by Secretary, Ministry of Commerce before the cabinet committee, the meeting of which was chaired by the Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar.