Commodity tax on sugar imports increased
July 22, 2014 08:43 am
The special commodity tax on imported sugar has been
increased by Rs. 3 per kilogram with effect from July 16, the Finance Ministry
stated. Accordingly the tax per kilogram of sugar has been increased from Rs.
25 to Rs. 28.
The increase was made to protect local producers against the
drop in international sugar prices, Ministry added. There will be no change in
the value of sugar in the local market due to the tax increase.
