Dyes merchants demand refunds
KARACHI: Pakistan Chemicals and Dyes Merchants’ Association (PCDMA) has expressed concern over non-implementation of SRO 1240(I) 2020 issued by the Federal Board of Revenue (FBR) for incorporation of chemicals and dyes raw materials in Part-2, a statement said on Thursday.
PCDMA Chairman Mirza Nadeem Baig demanded from the Customs authorities to issue the schedule as soon as possible so that the pay orders submitted under section 81 can be refunded to the commercial importers, it added.
The FBR had issued SRO under which the previous 2 percent income tax rate was restored for commercial importers instead of 5.5 percent income tax.
However, due to non-implementation of SRO and non-issuance of the refund schedule, the capital of commercial importers is stuck in the form of pay orders and they are facing severe financial difficulties, he added.
Baig said that non-issuance of schedule is a matter of concern among commercial importers, as it is not stated how the pay orders will be refunded?
-
Leonardo DiCaprio's Girlfriend Vittoria Ceretti Given 'greatest Honor Of Her Life' -
Beatrice, Eugenie’s Reaction Comes Out After Epstein Files Expose Their Personal Lives Even More -
Will Smith Couldn't Make This Dog Part Of His Family: Here's Why -
Kylie Jenner In Full Nesting Mode With Timothee Chalamet: ‘Pregnancy No Surprise Now’ -
Laura Dern Reflects On Being Rejected Due To Something She Can't Help -
HBO Axed Naomi Watts's 'Game Of Thrones' Sequel For This Reason -
King Charles' Sandringham Estate Gets 'public Safety Message' After Andrew Move -
Lewis Capaldi Sends Taylor Swift Sweet Message After 'Opalite' Video Role -
Brooklyn Beckham Plunges Victoria, David Beckham Into Marital Woes: ‘They’re Exhausted As It Seeps Into Marriage -
Sarah Ferguson Joins Andrew In ‘forcing’ Their Daughters Hand: ‘She Can Lose Everything’ -
'Bridgerton' Author Reveals If Actors Will Be Recast In Future Seasons -
50 Cent Super Bowl Ad Goes Viral -
'The Housemaid' Lifts Company's Profits: Here's How -
Michael Douglas Recalls Director's Harsh Words Over 'Wall Street' Performance -
Henry Czerny On Steve Martin Created Humor On 'Pink Panther' Set -
Lady Victoria Hervey: Andrew Mountbatten-Windsor's Ex-girlfriend Proud Of Being On Epstein Files