GOVERNMENT has exempted
12 food and beverages companies from paying duty in foreign currency when
importing certain raw materials quantities necessary for their production
processes.
Also on the list of the companies is Medent Private Limited
that is in the business of protective clothing as well as clothing accessories
of leather or composition leather.
This is expected to boost production and consumption of
locally manufactured goods, at a time Government is pushing for the
industrialisation agenda under the “Zimbabwe is Open for Business” mantra.
Finance and Economic Development Minister Professor Mthuli
Ncube, made the announcement on the amendment of the Customs and Excise
(Designation of foreign Currency Dutiable Goods) that exempts dairies,
beverages, protective clothing and baking companies from paying duty for some
imports in foreign currency.
The changes are contained in Statutory Instrument 170 of
2019 published in the Government Gazette on Friday.
“With effect from date of gazetting, the persons designated
in the second schedule to this notice shall be allowed to import goods with the
listed commodity codes being imported entirely for use in their production
process in quantities not exceeding the quantities specified against each
person listed in the second schedule, and pay for the duty in any currency
acceptable in Zimbabwe as legal tender,” reads part of the Statutory
Instrument.
Among the companies Schweppes Zimbabwe is exempt from
paying duty in foreign currency when importing fruit mixes, orange juice, juice
of any other citrus fruits, juice of other single fruit or vegetable,
unfermented and not containing added spirit, all in varying quantities.
Dairibord’s list of products include fresh unripened
cheese, raw groundnuts, sugar cones or waffles and wafers, other fruit as well
as fruit mixes.
Spirits and wines maker, Afdis, has on its list other wine
of alcoholic strength by volume not exceeding 14 percent alcohol.
Other companies to benefit from the development include
Kefalos, Cairns Foods, Associated Foods, Kershelmar Dairies, Dendairy, Alpha
and Omega, Machiareer Investments and Lobels Biscuits.
Among other imported goods needed by the listed companies
for their production include raw groundnuts and coating chocolate.
Last year, Minister Ncube invoked the Customs and Exercise
Act and imposed duty in foreign currency on an array of goods that include
vehicles and meat, in line with his 2019 National Budget Statement.
The other affected products include horticultural products,
cosmetics and selected fruits. Herald
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