BIZ

Special commodity levy on sugar, upped

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The special commodity levy imposed on a kilogram of sugar has been increased to Rs. 50.

The Ministry of Finance said the revision is in place with effect from today (02) for a period of one year.

Previously, the special commodity levy for a kilogram of sugar was 25 cents.

Meanwhile, Customs sources say that a company which was linked to the previously reported sugar scam, had suddenly released 8500 MT of sugar yesterday (01).

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