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KCA calls for reconsidering of cotton grading fee proposal

YarnsandFibers News Bureau 2014-01-21 12:00:00 – Karachi

The Karachi Cotton Association (KCA) has opposed government’s proposal to impose grading fee on cotton trade, saying the trade is already paying various duties and taxes including cotton cess.

Though the KCA appreciated government’s move to strengthen cotton grading and standardisation system in the country which would help fetch higher price for the commodity and its made-ups in the international market, it expressed reservation over government’s proposal to impose grading fee at Rs5 per bale on cotton trade.

The association referring to various duties and taxes, including cotton cess at Rs50 per bale, which was raised from Rs20 to Rs50 per bale. The KCA has called for reconsidering imposition of grading fee.

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