MULTAN: The federal government has imposed a new cess on each cotton bundle. The Pakistan Cotton Ginners Association has rejected the new cess on the pommelling of the cotton.
These views were expressed by Hafeez Anwar while talking to Customs Today. He said that the government is trying to impose unjustified taxes on cotton industry which will effect our business due to cotton crisis in the country.
He further said that the federal government has applied Rs 5 cess on each cotton bundle recently for the collection of levies. This collected tax will be consumed in the up-gradation and salaries of Pakistan Cotton Standard Institute. The federal government will collect cess on each cotton bundle from Punjab and Sindh.
The government had already imposed cess on numerous occasions but failed to collect tax from Cotton Ginners Association and this time again the association has rejected the cess.
Chairman Pakistan Cotton Ginners Association Hafeez Anwar said: “We are already paying 12 different taxes and the government is applying another tax. It is impossible for us to continue our business under heavy taxation. We will not accept any other sort of taxes and refuse to pay cruel taxes because these taxes are a burden on the business community.”
