Duty concession on imported cement
June 12, 2017 5:40 am
Individuals and companies who will import cement from overseas will be given duty concession by the government.
This follows the recent shortage of cement in the Fijian market.
Fiji Revenue and Customs Authority Chief Executive Visvanath Das says the demand for cement is currently high in Fiji.
Das adds cement imports currently attract a duty of 32% Fiscal, 10% Import Excise and 9% VAT.
However he says following the shortage, the import of cement will now be zero-rated, however, 9% VAT will still be applicable.
Cement manufactured and originating from any MSG countries will also qualify for duty concessions under the MSG Agreement.
These concessions will remain available to all companies and individuals for the next three months.