The Ministry of Industry and Trade has approved a proposal to hike import tariffs on milk and milk products by up to 17 percent despite public criticism.
|Tax on milk in powder with fat content less than 1.5 percent will increase from 3 percent to 10 percent (Photo by: webdemo)|
Following the ministry’s green light to the Ministry of Agricultural and Rural Development’s demand, the tax on milk is up from 5 percent to 15 percent and milk powder from 3 percent to 20 percent.
The rate on imported uncondensed milk and cream without sugar or sweetening increases by 5 percent to 15 percent.
They are up from 3 percent to 10 percent in the case of milk in powder or any other solid form with fat content of less than 1.5 percent or containing sugar or sweetening.
The tax on milk powder imported for use as raw material will rise from 7 percent to 20 percent.
When the Ministry of Agricultural and Rural Development first mooted the proposal, it drew fire from the public and milk processing companies who said it would push up the retail prices of milk and dairy products.
Finance, agriculture ministries cannot agree on dairy import tax