Parliament reverses import duty hikes for garments and motorcycles
22 Apr 2015, 8:18 PM
The parliament today reversed import duty hikes for garments and motorcycles, three weeks after increased rates came into force.
Higher tariffs approved by parliament in December as part of revenue raising measures proposed by the government came into force on April 1.
However, days before the changes took effect, economic development minister Mohamed Saeed told the press that the government was reviewing the new rates as motorcycles had become “a basic need in the Maldives”.
The custom duty for motorcycles had been raised from 100 to 150 percent.
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