Sugar Importers Association has
decided to increase the price of 1 Kilo Gramme of Sugar by Rs.15 with effect from midnight tonight (19)due to the increase of Tax imposed on Imported Sugar by Rs.11 it has been reported.
However after announcing the increasing of Tax imposed on Imported Sugar by Rs.11 the Ministry Of Finance has stated yesterday (18)that it will not effect the price of Sugar in the local market .
As the Sugar importers have decided to increase the price of Sugar Ministry of Finance has decided to fix a maximum retail price for sugar if the price increases acording to Ministry .
As there's an excess production of Sugar in countries like Brazil,Thailand and India sugar importers here can import sugar from those countries at a low cost the Ministry has said.
However after announcing the increasing of Tax imposed on Imported Sugar by Rs.11 the Ministry Of Finance has stated yesterday (18)that it will not effect the price of Sugar in the local market .
As the Sugar importers have decided to increase the price of Sugar Ministry of Finance has decided to fix a maximum retail price for sugar if the price increases acording to Ministry .
As there's an excess production of Sugar in countries like Brazil,Thailand and India sugar importers here can import sugar from those countries at a low cost the Ministry has said.
1 comment:
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This blog is also very informative and helpful.
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