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Sack kraft paper manufacturers seek increase in customs duty

Sack kraft paper manufacturers seek increase in customs duty

ISLAMABAD: Local manufacturers of sack kraft paper have asked National Tariff Commission (NTC) to augment the customs duty on its import from 15% to 25% and impose Federal Excise Duty as well.

They have pointed out the fact that low customs duty renders local producers uncompetitive along with massive under-invoicing of sack kraft paper. The manufacturers have demanded of Chairman FBR to look into the matter.

A petition has been filed with NTC for the increase of customs duty and imposition of federal excise duty along with a plea to save deforestation and environmental hazards emitted from used sack kraft paper upon degradation. FBR has also been requested to examine the under-invoicing.