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Import+duty+on+Sugar+and+potato+increased%3B+no+change+in+control+price
Wednesday, 09 September 2015 - 21:18
Import duty on Sugar and potato increased; no change in control price
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The Finance Ministry stated that they have increased the tax imposed on imported sugar and potato.

Accordingly import tax on 1 kilo of sugar has been increased by Rs. 12 while import tax on 1 kilo of potato has been increased by Rs. 10.

As a result, the import tax on 1 kilo of sugar will increase from Rs. 18 to Rs. 30, while import tax on 1 kilo of potato will increase from Rs. 30 to Rs. 40.

However, the fixed price on sugar, which amounts to Rs. 88, will not change following the tax increment.

A spokesperson of the Finance Ministry stated that the import tax on potato was increased due to potato farmers commencing their harvesting period.

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