New Incentive Rates for Local Manufacturers

The government through the ministry of Finance and Economic Dev’t , is ranking manufacturers by value addition for duty free benefits based on a new directive expected to be approved this month. Unlike the existing directive (35/2013), the new one will provide import privileges for value additions ranging from 0.05pc to 40pc.

Among others, it introduces a sector specific requirement that takes into consideration the human resource and technology capacity of each beneficiary. Accordingly, the lowest value addition of 0.05pc is tagged for mobile phone assemblers while the 40pc is for breweries. For more please read