POWDERED MILK PRICE INCREASES OWING TO INCREASE OF IMPORT TAX

Import tax on powdered milk increased

 

Port and Airport Levy (PAL) on imported milk powder has been increased by 10%, says Trade Minister Nalin Fernando.

The tax increase comes into effect today (Sept. 22).

However, the prices of powdered milk in the local market will not be increased following the PAL hike, the Minister has assured.

 

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