Wednesday, February 27, 2013

Will the government increase import duty?


The natural rubber prices in the local market have fallen nearly 20% since 2nd January 2012, when price of RSS4 grade was at 195.50 per kg, due to slowdown in economy and also on sluggish demand. There is a possibility that government could increase import duties on natural rubber in order to support falling rubber prices. The current duty is `.20 per kg, or 20%, whichever is lower.

No comments:

Post a Comment