Pakistan Association of Printing and Graphic Arts Industry (PAPGA) condemns this action of NTC which will increase the cost of printing as well as increase the cost of publications. Printed material is already imported under HS Code 4901-9100 to 4901-9910, 4903-000, and 4902-9000 at almost zero-rating. With paper already taxed heavily imposition of anti-dumping on printing inks will be a further blow to the local printing industry already facing the menace of duty1free printed material.

Existing duties and taxes combined amount to almost 52%. The local industry should not seek any further protection with such a heavy existing duty and tax structure. Moreover, a few local manufacturers that are engaged in manufacturing do not have the capacity or the capability to 'cater to the printing industry.

Their quality is poor and substandard and is not capable to be used on high speed equipment. This action on the part of NTC of further patronising couple of ink manufacturing units at the expense of the whole printing industry is contrary to fundamental principle of industrial strategy. Moreover this action would discourage import genuine importers and increase chances of smuggling and misuse of the Afghan Transit. NTC should immediately rescind its decision.-PR

Copyright Business Recorder, 2016