Smuggling of tiles hits local industry
KARACHI: Imported, smuggled and under-invoiced tiles have captured 35-40 per cent of the market with Chinese and Iranian tiles easily available across the country. The heavy influx of smuggled Iranian tiles has not only compelled many local manufacturers to reduce their production, but also caused massive revenue losses to the national kitty. A spokesperson of Pakistan Ceramics Manufacturers Association told Dawn on Saturday that these tiles were getting clearance from Balochistan at undervalued prices as low as $0.06 (Rs7) per square metre on payment of taxes (duty, sales tax, income tax) of Rs6 per square metre. While a locally-produced ceramic tile on an average pays Rs100 per square metre in sales tax. He said over a million metres of Iranian tiles were imported/cleared in the last six to seven months at such low values.
http://www.dawn.com/news/1085838/smuggling-of-tiles-hits-local-industry
Related Posts
Taxing the smoker
The GCC's proposal to raise tobacco tariffs is being welcomed by health experts...
Gold Coins Worth Rs 7.8 Cr Seized From 2 Kashmiri Passengers at Delhi Airport
New Delhi- Gold coins worth Rs 7.8 crore have been seized at the Indira Gandhi...
Counterfeit Components Continue to Slam Electronics Industry
The problem of counterfeiting keeps getting worse. In 2013, the US Customs and...
Anti-graft panel zooms in on Sabah
From clamping down on illegal logging in Sarawak, the country’s graftbusters have...