SIALKOT: The Model Customs Collectorate (MCC) Sialkot has issued Rs 485 million rebate to traders in August 2015.
Official sources told that MCC Sialkot has issued almost Rs 165 million more rebate to traders as compare to the Rs 320 million issued during corresponding period of last year 2014.
They said that Eid-ul-Azha was the best opportunity for leather traders to purchase hides of sacrificial animals, which will ultimately raise the export of leather sector.
The Sialkot Customs has issued rebate to the textile sector on garments, while the leather sector was given rebate on finished leather garments, hides, leather shoes and artificial leather, they said, adding that the government has offered the rebates to raise export volume and earn valuable foreign exchange.
On the other, the traders of leather sector said that issuance of rebate will help them purchase hides of sacrificial animals on Eid-ul-Azha, adding that leather sectors receives 30 percent of its raw material in these days.
As per the estimates of tanners association, Pakistanis are going to sacrifice over five million goats and sheep, and over one and half million cows on these holy days.” The hides are basic raw material for leather industry to make leather garments, bags, footwear, ballets and gloves,” sources said.
