MFN status to India: Edible oil industry seeks duty and tariff revision
Sources told Business Recorder that the industry has proposed doing away with warehousing surcharge @ 0.75 percent and admissibility of zero-rated imports of raw material (edible oil) used in export of vegetable ghee/cooking oil instead of Duty and Tax Remission for Export (DTRE) scheme and inclusion of edible oil, vegetable ghee/cooking oil in negative list on giving MFN status to India. on the existing taxation regime and tariff structure as far as the local edible oil industry is concerned. The industry has recommended enhanced duty of 35% on imports of vegetable ghee currently imported in (flexi-tanks) containerised form, anti-dumping and countervailing duty on imports from India up to 35 percent, removal of anti-dumping duty imposed on ghee industry inputs such as on import of tin plate and effective check on cross border smuggling on both eastern and western border. The industry has pointed out that the technical & tariff barriers restrict Pakistani importers to build stocks compulsory for 90 days. For instance latch of ware-housing surcharge (0.75 percent) effective after 30 days from date of in-bonding forces importers to reduce their imports and keep it in line with 15-20 days consumption. Though national exchequer receives no benefit from this latch but on the other hand the local market loses its strength to fight inflation in international market prices of edible oil for longer duration, hence rise in prices of end product is being borne by end consumers. and Indian Reserve Bank to facilitate opening of letter of credits and other banking facilities. The formation of inter-ministerial committee under Ministry of Commerce further armed with representatives of trade bodies (Sectoral Associations) to ensure harmonisation and marrying up of all stakeholders (Regulators, Traders and Manufacturers) for successful trade and further address to impediments if observed during brain storming session.Tin Plate Manufacturer - News
Currently, the company consumes about 25000 tonnes of tinplate per year. HTW was planning two new plants, one in the south and the other in the west. However, the South India plan remain shelved, as the geography generated only seasonal demand for cans
My tinplate Hornby carriages relied on painting to produce an effect of windows and door handles, but on their Marklin equivalents the windows really were transparent and the pattern of rivets below them stood out in relief. The war hadn't been over 10
anti-dumping and countervailing duty on imports from India up to 35 percent, removal of anti-dumping duty imposed on ghee industry inputs such as on import of tin plate and effective check on cross border smuggling on both eastern and western
Poom said it had not yet allowed manufacturers of tin-plate for cans, car batteries and electric wire to raise their prices for next year, as the ministry wants to curb the cost of living after the recent floods. Meanwhile, the ministry expects that
anti-dumping and countervailing duty on imports from India up to 35 percent, removal of anti-dumping duty imposed on ghee industry inputs such as on import of tin plate and effective check on cross border smuggling on both eastern and western