Sugar importers say sugar prices may not change despite new tax increase

Sugar importers say sugar prices may not change despite new tax increase

Sugar importers say sugar prices may not change despite new tax increase

Written by Keshala Dias

17 Jun, 2017 | 10:07 am

The Importers and Dealers Association of Essential Food Items noted that although the customs tax was increased by Rs. 10, sugar can still be sold at the controlled price.

Media Spokesperson of the Association said that the Association will ensure that prices of sugar will not increase.The Special Commodity Levy on sugar was increased by Rs. 10 on June 6.

The Finance Ministry noted that the tax currently stands at Rs. 23.The Finance Ministry said the tax that was previously at Rs. 13 was increased to provide incentive to local sugar producers.

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