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Listening president Announced the suspension of duty on orange and grape fruits as retailers demand forex on fruit juices Read more

General

11 Jul, 2022 | Posted By:
Listening president Announced the suspension of duty on orange and grape fruits as retailers demand forex on fruit juices Read more

As you would be aware, Treasury, on 1 July 2022, provided a once-off suspension of duty facility for your

company to import 10 000 MT of oranges and 5 000 MT of grape fruits. This measure was expected to

augment local supplies, thereby minimising supply disruptions, as well as guaranteeing affordable prices to

the general public.

Treasury, however, notes that the pricing of your products is now exclusively in foreign currency,

notwithstanding Government's initiatives to promote the use of local currency. You will be aware that

beneficiaries of tax incentives are expected to complement Government's interventions with responsible

pricing models with a view to ensuring affordability of goods, which is key in achieving Government's

developmental objectives.

In view of the above, I wish to advise that, pending conclusion of investigations on your pricing model, the

Suspension of Duty Facility has been revoked.

In this regard, all new imported consignments will, with immediate effect, be liable to duty at prescribed rates.

 

  

 

 


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