Govt sus­pends duty on com­modi­ties

Chronicle (Zimbabwe) - - Front Page -

re­cently hit by Avian Flu.

“The prin­ci­pal reg­u­la­tions are amended in sec­tion 9Q, sus­pen­sion of duty on pow­dered milk im­ported by ap­proved im­porters,” reads part of the gazette.

One of the ma­jor pro­duc­ers Dairi­board’s chief ex­ec­u­tive of­fi­cer An­thony Mandi­wanza, hailed the move say­ing it was vi­tal in grow­ing the milk in­dus­try’s pro­duc­tion ca­pac­ity and meet­ing cus­tomer de­mands.

“The ex­ten­sion of duty sus­pen­sion on pow­dered milk raw ma­te­ri­als is a wel­come de­vel­op­ment as it will as­sist us in procur­ing raw ma­te­ri­als at a base cost.

“The move will grow our through­put as it helps us to im­prove pro­duc­tion ca­pac­ity es­pe­cially in this sit­u­a­tion where we have a very high de­mand,” said Mr Mandi­wanza.

The waiver has also been ex­tended to fer­tiliser, sus­pend­ing duty on im­ported am­mo­nium ni­trate fer­tilis­ers by ap­proved im­porters for the next 12 months.

This in­stru­ment comes amid calls to ca­pac­i­tate the local fer­tiliser in­dus­try by the Gov­ern­ment in or­der to meet local de­mand in the long run with an over­all in­tent to cut the ever bal­loon­ing im­port bill.

Chemplex Cor­po­ra­tion chief ex­ec­u­tive of­fi­cer Ta­puwa Mashin­gaidze, com­mended the move say­ing it was crit­i­cal for the farm­ing in­dus­try to pro­duce bet­ter yields.

He, how­ever, im­plored au­thor­i­ties to en­cour­age pro­cure­ment of local fer­tilis­ers in or­der to ca­pac­i­tate local firms that were be­ing af­fected by crit­i­cal short­age of for­eign cur­rency.

“The sus­pen­sion of duty on fer­tiliser im­ports is a wel­come de­vel­op­ment con­sid­er­ing that we are a coun­try that is striv­ing to grow pro­duc­tion in agri­cul­ture sec­tor.

“We, how­ever, con­tinue to ad­vo­cate for fer­tiliser pro­cure­ment (by farm­ers and re­tail­ers) process to give pri­or­ity to local fer­tilis­ers pro­duc­ers,” said Mr Mashin­gaidze.

Pres­i­dent Mnan­gagwa has de­clared the coun­try’s fu­ture eco­nomic de­vel­op­ment will be an­chored on agri­cul­ture, min­ing and tourism among other key sec­tors, call­ing for the need to sup­port these eco­nomic en­ablers.

Pre­sent­ing the bud­get last year, Fi­nance and Eco­nomic De­vel­op­ment Min­is­ter Mthuli Ncube, hinted on sus­pen­sion of cus­toms duty on spec­i­fied buses for tour op­er­a­tors.

“In or­der to as­sist tour op­er­a­tors cap­i­talise their fleets, I pro­pose to ex­tend sus­pen­sion of duty on 75 new buses of a car­ry­ing ca­pac­ity of eight to 55 pas­sen­gers in­clud­ing the driver,” said Min­is­ter Ncube.

On fer­tilis­ers im­ports Min­is­ter Ncube; “In or­der to en­hance com­pet­i­tive­ness of lo­cally man­u­fac­tured fer­tiliser, I pro­pose to ring fence duty free im­por­ta­tion of raw ma­te­ri­als.

“I fur­ther pro­pose to ring-fence im­por­ta­tion of 10 000 tonnes of Am­mo­nium ni­trate oil fer­tiliser un­der sus­pen­sion of duty for a pe­riod of 12 months from 1 Jan­uary,” he said.

Added Min­is­ter Ncube; “In or­der to con­sol­i­date the gains re­alised by local in­dus­try, Gov­ern­ment will re­new fa­cil­i­ties that have ex­pired, sub­ject to set con­di­tions and, in some cases ex­pand the list of in­puts and ben­e­fi­cia­ries of re­bate fa­cil­i­ties.”

Newspapers in English

Newspapers from Zimbabwe

© PressReader. All rights reserved.