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Tax+on+imported+rice+reduced
Saturday, 07 January 2017 - 12:40
Tax on imported rice reduced
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The Ministry of Finance has decided to remove all taxes imposed on imported rice and only impose the special trade goods tax of 15 Rupees.

Accordingly a tax of 15 Rupees will be applicable for imported rice while any party would be allowed to import rice.

The Ministry in a communiqué stated that the decision was taken considering the rise in the price of rice as a result of the drought.

This is also seen as a response to errant traders who have been stocking up without releasing rice to the market.

 
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