Tuesday 16 January 2018
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thefinancialexpress
5 months ago

Govt rethinks rice tax reduction as market ignores intervention

Doulot Akter Mala Authorities have decided to reconsider the idea of further reducing duty on rice import as the tax incentives caused the exchequer substantial loss to little benefit for consumers. Sources said such dilemma cropped up as an impact analysis by a wing of the National Board of Revenue (NBR) found out that market largely ignored the government intervention that came in the wake of price spiralling of the staple. The fact-finding study, conducted by the NBRand#39;s customs wing, found 18

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