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Textiles reforms uncertain

By Special Correspondent
The implementation of a 1 fl-point programme to revamp the ailing textile industry has become uncertain due to disagreements on the proposed restructuring duties and taxes on textile goods.
The 16-point programme, formulated by the Ministry of Textiles more than a year ago. incorporated development plans and proposals for all the sectors in the textile industry. Solutions to critical problems faced by the industry were also suggested in the programme.
Restructuring of taxes for textile goods was emphasised in
the programme which also recommended complete lifting of Import duty on all the raw materials for the industry.
The withdrawal of import duty and taxes would help different sub-sectors of textile industry become competitive both in local and foreign markets. "Such a step will also help stop smuggling of yarn and other raw materials into the country."' a source in the Textile Ministry said.
To offset the revenue loss due to such withdrawals, the ministry suggested imposition of 7.5 per cent gross taxes in-
cluding three per cent^iAT on textile raw materials, spares and finished products. "This will increase-the government's -revenue Income -from textile goods." the source said.
A five-member ministerial level committee assigned to examine the 16-point programme, however, differed with the Textile Ministry's suggestion on taxation of taxes. The committee endorsed the programme and also agreed in principle to reduce the Import duty but recommended, that the gross taxes on textile raw materials and
goods should be fixttMt 15 per cent.
Presently, the Import duty on the raw materials is 60 to 70 per cent. Authorities maintain that withdrawal or substantial reduction of Import duty will help the local industries grow and also curb smuggling.
Meanwhile, the Ministry of Finance has opposed the idea of any cut in the duty or taxes on textile raw materials.
"Due to such a disagreement among the various relevant authorities on the tax reduction issue, the fate of the 16-point programme is in a limbo," said a well-placed source in the Textile Ministry.
The proposal for destruct ur (ng of duties arid taxes Is the crux of the 16-point programme on which the implementation of the development plan for the ailing textile sector largely depends, he added.