Parliament accepts bill on revising import duties
03 Feb 2014, 6:08 PM
Parliament today accepted legislation on revising import duties as part of revenue raising measures proposed with the 2014 state budget.
The amendments (Dhivehi) submitted to the Import-Export Act by MP Mohamed Rafeeq Hassan on behalf of the current administration was accepted with 40 votes in favour and 20 against. The amendment bill has been sent to a committee of the full house for further review.
The bill proposes raising custom duties on a number of items from the current zero rate to five, 10, and 15 percent or higher. The items include diesel, sugar, sweets, cotton, rope, carpets, textiles, fur, man-made filaments, ready-made garments, and steel.
In addition, the import duty for vehicle seat covers would be raised from 30 to 50 percent.
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