Tax on imported sugar, potatoes revised

Tax on imported sugar, potatoes revised

September 9, 2015   01:46 pm

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The special commodity levy imposed on imported sugar has been increased by Rs 12 per kilogram while the levy on potatoes has been increased by Rs 10 per kilogram, the Finance Ministry said. 

The special commodity levies have been increased with effect from midnight on September 08.

However, the ministry says that there will be no change in the market price of sugar. 

In a statement, the Finance Ministry said that the decision to increase the tax on imported potatoes was taken due to local potato crops reaching the market. 

 

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