Govt asked to slash custom duty on imported glass from 25pc

Date: 14 February 2006
Source: Paktribune.com

Date: 14 February 2006

Lahore Glass Merchants Group and Importers Association has demanded of government to reduce the 25 percent custom duty on the imported glass to bring on adequate level and National Tariff commission will hold public hearing on Wednesday (tomorrow) in this regard.

The applicant’s request is based on the grounds that glass is a basic component and the selling price of indigenous manufacturers is Rs. 22,000/MT in local market while their cost ranges from Rs. 75,00 to Rs 8,000. Besides they are exporting the glass at Rs 8,500 getting more than 200 percent profit form their products.

They also say that the cost of imported glass is Rs.23, 795/MT which is high as compared to cost of indigenous production of glass and local industry is undue protection.
600450 Govt asked to slash custom duty on imported glass from 25pc glassonweb.com

See more news about:

Others also read

MORE...

Lincoln Glass Celebrates 50th Year
Owners of Lincoln Glass in Newport, Dan and Elayne Mason, celebrated their 50th anniversary in the business this year. Dan's parents, John and Grace Mason, established Lincoln Glass in 1956 and oversaw day-to-day operations for 20 years.
Potters Industries Inc. Announces Price Increase For Metal Finishing and Impact Glass Bead Products
Potters Industries Inc., an affiliate of PQ Corporation, announced today that, effective February 15, 2007, the price on all Metal Finishing Glass Bead and Ground Glass product shipments will increase up to 3 cents a pound.
Retail Architects Say Better-Looking Stores Mean Profits
Edward A. Shriver Jr., a Pittsburgh architect who works in retail store design, encourages architects and retail owners alike to "think outside the box," light years away from the designs that have dominated American retail architecture in recent decades.
Optical-Glass Firm Buys Camera Maker Pentax
Hoya Corp., Japan's largest optical glass maker, agreed to buy camera maker Pentax Corp. for 90.6 billion yen ($765 million) to add endoscopes and surgical scissors.
Mysterious Egyptian Glass Formed by Meteorite Strike, Study Says
Strange specimens of natural glass found in the Egyptian desert are products of a meteorite slamming into Earth between 100,000 and 200,000 years ago, scientists have concluded.
Business Of Glass Manufacturer Gecsat Down 16%
ZF.com reported that Tarnaveni (Romania)-based Gecsat, estimates an approximately 6.4 million-euro turnover for this year, a 16% drop against last year, when the company posted a 7.6 million-euro turnover.

Add new comment