Pakistan cuts scrap import tax for smelters from 17% to 14%

Tuesday, 21 September 2021 17:33:20 (GMT+3)   |   Istanbul
       

The Pakistani government has issued a decree according to which the sales tax on certain import products, in particular on steel scrap, is reduced from 17 percent to 14 percent. It is noteworthy that the amendment relates only to steel melters importing scrap for further processing. Meanwhile, for traders dealing with scrap as a finished product the sales tax will remain at 17 percent as before, SteelOrbis has learned.


Most Recent Related Articles

Tokyo Steel hikes scrap purchase prices again to secure material

Import scrap offers soar in Pakistan

Ex-Japan scrap prices rise further, too rapidly for many customers

Ukrainian scrap market players share mixed views on suggested export ban

Power concerns ripple across China’s scrap market, import activity wanes