Friday, August 9, 2019

Industrial raw materials exempted from Customs hike. Council of Ministers needs to approve list of exempted products


The Higher Council of Customs, following the Ministry of Finance's circular, issued a decision that exempts industrial and agricultural raw materials from the three percent custom duty, which was recently imposed in 2019 budget.

According to this decision, industrialists who can provide an industrial license issued by the Ministry of Industry are exempted from paying the newly introduced custom fees.

The three percent customs duty was recently approved in the 2019 budget, on impor...

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