PRESS RELEASE
Import activities gained momentum; zero-rating maintained on import stage Haroon Agar, Chairman-PCDMA
Muhammad Haroon Agar, Chairman, Pakistan Chemicals & Dyes Merchants Association (PCDMA), in a press statement, stated that import activities have started gained momentum as FBR decided to maintain zero-rating on import stage. Agar said that before the decision commercial importers had serious reservation pertaining to SRO-509(I)/2007, however, their reservation were well apprised by Siraj Kassam Teli, Leader of the business community, Chairman, Businessmen Group & former President-KCCI along with Muhammad Zubair Motiwala and Haroon Farooki, Vice Chairmen Businessmen Group & former Presidents-KCCI and with their efforts the said matter was resolved upto the satisfaction of stakeholders. Agar, on behalf of commercial exporters, expressed cordial gratitude to Siraj Kassam Teli, Zubair Motiwala and Haroon Farooki for their priceless efforts in a week long continued sessions with Chairman FBR in this regard.
Agar articulated that as per the decision, selling of goods to unregistered person will be subject to 6 percent GST however, if goods sold to registered persons by commercial importers than it will be maintained as zero-rated. Agar said that they agree and support Government for broadening the tax-base and generation of revenue, whereas they are of the opinion that the already registered tax-payers should not be burdened with additional taxes and non-registered persons be brought to tax-net.
Agar lauded Salman Siddiqui, Chairman, Federal Board of Revenue for his interaction with commercial exporters and extending cooperation. Agar ensured best support to FBR for broadening the tax-base.
(END)
Chairman
Pakistan Chemicals & Dyes Merchants Association (PCDMA)
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