Pakistan Second-Hand Clothing Import Cost Increased Five Times.
Pakistan
Importers recently claimed that the increase in the sales tax (ST), the increase in customs duties and income tax, the cost of imported second-hand clothing increased by 5 times.
At the same time, the country has two digits.
inflation
Secondhand
clothing
Imports decreased by more than 50% to 558 million rupees in February September 2010 -2011.
Mohamed Osman Farooqi, Muhammad Usman Farooqi, President of the Pakistan second-hand clothing trade association (PSCMA) said that the Federal Tax Commission issued the SRO-509 notice in March 15, 2011, charging 17%.
Sale
Tax, income tax increased from 5% to 6%, and 5% duty on imported products.
Formerly used clothing, he said.
Imported
No sales tax is imposed. However, after the general sales tax is increased and the tariff and income tax are increased, the cost of second-hand clothing imports increases. For example, the initial cost of importing second-hand clothes from a container is 14000 rupees, and now it is 18500 rupees.
He claims that there will be 100000 people who are directly engaged in second-hand clothing business. They will be affected. However, because of the rising price of second-hand clothing, the poor in society will also bear the burden of rising clothing prices.
During the month of September 2010 -2, second-hand clothing imported from Pakistan came from the United States, South Korea, Europe, Japan and Australia, worth 786 million rupees.
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