Sale of goods: PCDMA urges FBR to defer condition of CNIC

Pakistan Chemicals and Dyes Merchants Association (PCDMA) has requested the Federal Board of Revenue (FBR) to defer condition of the CNIC on sale of goods to unregistered persons for six months period, and withdrawal of notices to the commercial importers.
The PCDMA chairman and former director Karachi Stock Exchange (KSE) Amin Yousuf Balgamwala has protested against sending of notices to commercial importers and demanded withdraw of all notices.
In a statement issued by the association here on Monday, the PCDMA chairman has requested to waive all notices including income tax, sales tax, withholding tax (WHT), and all proceeding in this regard for two months due to the worst economic crisis, as due to coronavirus pandemic, all the business activities have stopped and commercial importers are already facing huge financial crises.
Balgamwala said, "We are surprised on receiving FBR notices, as the whole country is in a lockdown for prevention of coronavirus pandemic," He demanded that the chairman FBR issue directives to chief commissioner and all the RTOs to stop harassment of commercial importers, so that import activities could be restored after the lockdown period. "If wheel of trade and industry continues to rotate, it will create more employment opportunities," he said.
The PCDMA chairman said that if all notices including income tax, sales tax, WHT and other proceeding were not stopped for at least two months, then the textile industry would be badly affected, which was the backbone of the domestic economy as commercial importers were the largest means of providing raw material to the textile industry to continue production activities.
Balgamwala also demanded to defer the condition of the CNIC on the sale of goods to unregistered persons for six months, so that the business community, especially small traders should be protected from destruction.