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Ref.
No. PHMA/027/2024
Dated:12th December 2024
BUDGET
PROPOSALS FOR THE YEAR 2025-26
The Federal Budget plays an
important role in the growth of exports of the country. Pakistan Hosiery Manufacturers &
Exporters Association (PHMA) submits its recommendations to the Government
of Pakistan for incorporation in the Federal Budget, after obtaining
proposals / inputs from our valued members.
We are pleased to inform all our
valued members that PHMA has initiated the exercise of preparing budgetary
proposals for the year 2025-26
In view of the above, all our
valued members are requested to send to the Association relevant proposals
/ inputs relating to Sales Tax & Income Tax, Customs &
Exports as per format given below latest by 15st January
2025.
Proposals
/ inputs relating to Customs.
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ANNEX-I
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CHANGE
IN CUSTOM TARIFFS
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Sr.
No.
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Name
of Proposing
Individual/Company/ Association/Chamber
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PCT
Code
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PCT
Description
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Proposed
PCT Code
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Existing
Tariff
(2024-2025)
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Proposed
Tariff
(2025-26)
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Suggested
to be changed through
SRO or Tariff
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Justification/
Rationale for Change
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Quantify
Benefit to Consumer/ Industry
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CHANGES
IN RULES/PROCEDURES
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Sr.
No.
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Name
of Proposing
Individual/Company/ Association/Chamber
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Existing
rules/procedures alongwith SRO/
CGO No. and date)
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Proposed
Change
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Position
after Change
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Justification/Rationale
for Change
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Change,
if any, required in
the Act, other
SRO or Rules to implement this
proposal
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CHANGES
IN CUSTOMS ACT,1969
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Sr.
No.
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Name
of Proposing
Individual/Company/ Association/Chamber
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Existing
Section/Clause of the Act requiring amendment
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Proposed
Change
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Position
after Proposed Change
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Justification/Rationale
for Change
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Impact,
if any, on any SRO/Rules
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Proposals
/ inputs Sales Tax.
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ANNEX-II
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CHANGE
IN SALES TAX
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Sr. No.
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Section/Clause/Rule
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Proposed Amendment
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Rationale
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Revenue Impact
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Proposals
/ inputs Income Tax
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ANNEX-III
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CHANGES
IN INCOME TAX
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Sr. No.
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Section/Clause/Rule
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Proposed Amendment
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Rationale
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Revenue Impact
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We would highly appreciate if you
could furnish your proposals and Inputs at the soonest, which, after consideration by the Association, will be submitted to the Government.
Best
regards,
Muhammad
Babar Khan Abdul Hameed
Faisal Arshad Sheikh JAWED
BILWANI
Central
Chairman Sr.
Vice Chairman Central V.C Central & Chairman
SZ PATRON-IN-CHIEF
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