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Pakistan's Federal Board of Revenue fixed sales tax on cottonseed at Rs 8 per 40 kg starting July 1, 2019, under SRO 253(I)/2019. The move follows a court ruling that struck down an earlier special procedure for cottonseed oil and oil cake.
The tax change affects the domestic cost of cottonseed crushing in Pakistan, which influences local cottonseed oil and cake supply. The impact on international feed prices is minimal.
pkrevenue.comFaisal ShahnawazFeb 26, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
