Fiji Times Tuesday 13 June 2017 INDIVIDUALS and companies with an interest to import cement can now do so at zero-duty.
The duty concession on import of cement was announced by the Fiji Revenue and Customs Authority chief executive officer Visvanath Das yesterday.
However, Mr Das said 9 per cent value added tax (VAT) would still be applicable.
“Cement imports currently attract a duty of 32 per cent fiscal 10 per cent import excise and 9 per cent VAT. Following the shortage, the import of cement will now be zero-rated, however, 9 per cent VAT will still be applicable,” he said.
Mr Das said cement manufactured and originating from any MSG countries would also qualify for duty concessions under the MSG Agreement attracting the same rate of duty, zero fiscal duty and free import excise duty but subject to 9 per cent VAT. Read more…
