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Import Duties of red and big onions increased

Aug 11, 2010 4:14:11 AM - itnnews.lk

The Import Duties of red and big onions have been increased.

The Government has informed that the duties for one kilogram will be increased by 15 rupees. Earlier a ten rupee tax was imposed on imported red onion and big onion. Minister Johnston Fernando has said that the aim of the Government is to protect local producers. It is expected to reduce the imports by increasing taxes. It would facilitate in increasing the sales of red onions and big onions in the local market. The Minister pointed out that this would also bring a higher price to the producers.