Textile units may need NOC for incentives

extile units holding back payment of cotton cess may need to obtain a No Objection Certificate (NOC) from the Pakistan Central Cotton Committee (PCCC) to avail of subsidies, secure import and export permits, and take advantage of government incentives or packages. Alternatively, the amount of cess should be recovered through the Federal Board of Revenue, while the federal government could provide funds for research and development and ERE. These proposals were discussed during the PCCC’s governing body meeting on Thursday. Minister for National Food Security and Research Rana Tanveer Hussain deliberated on critical issues surrounding the cotton cess and restructuring of the PCCC to revitalise its operations. The minister expressed serious concerns over the past eight years’ delays in resolving the cess-related disputes, which have adversely impacted PCCC’s efficiency and its contributions to cotton research and development (R&D).