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Hearing regarding Tariff protection to Jute Yarn and Twine on May 28.

ISLAMABAD -- The National Tariff Commission (NTC) will organize a public hearing regarding Tariff protection to the Indigenous Industry Manufacturing Jute Yarn and Twine on the issue on May 28, at 11.00 a.m. here in the Committee Room of National Tariff Commission, 11th Floor, State Life Building No. 5, Blue Area.

A statement of the NTC issued here on Monday, said that Pakistan Jute Mills Association (PJMA) applied National Tariff Commission (NTC) for tariff protection to the domestic industry of jute yarn and jute twines, falling under PCT main heading No. 7307.

The association requested NTC to enhance present customs duty of 10% to 25% on import of jute yarn and jute twines to protect the domestic industry. Applicant claimed this enhancement of customs duty on the following grounds:-

Yarns and twines are made from both jute and sisal plants and are of same nature and use for similar purposes.

The product, yarn and twines of jute are imported at 10% CD while yarn and twines of sisal are imported at 25% CD.

The applicant therefore, taking plea that the product, yarn and twines of jute may be imposed 25% CD instead of present 10% to bring uniformity in both the products and protect the domestic jute industry against cheaper imports of yarn and twines.

The NTC thus initiated the inquiry on request of the association and invites views comments and other information, relevant and helpful in this study from all interested parties having business of jute yarns and jute twines.

Such views comments may be sent within fifteen days of publication of this public notice in newspapers, to the Secretary, National Tariff Commission, 4th Floor, State Life Building No. 5, Blue Area, Islamabad. Further, all parties having an interest in the business relating to or associated with the imports, manufacturing and marketing of Jute Yarn and Twine are hereby advised to get themselves registered with NTC latest by May 24 for participation in the public hearing by providing names of the participants with their telephone numbers (Cell/LL) and fax numbers to the Director (Inv-1) on fax No. 051-9221205.

For any further inquiry please contact Director (Inv-1) at 051-9205200. All interested parties may submit their comments and suggestions in writing. The comments and suggestions may be supported with essential facts, information and documentary evidence(s), which must be brought to the public hearing. The views not supported with reliable documentary evidence(s) shall not be considered.
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:May 8, 2012
Words:408
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