Govt providing duty concessions for importing cement following shortage

Govt providing duty concessions for importing cement following shortage

By Naveel Krishant
Tuesday 13/06/2017

The Fijian Government is providing duty concession to individuals and companies who would like to import cement from overseas following the recent shortage in the market.

FRCA CEO Visvanath Das says they understand that the demand for cement in Fiji is huge at the moment and the government is working hard to meet the urgent needs of the people.

Das says cement imports currently attract a fiscal duty of 32%, 10% import excise duty and 9% VAT but following the shortage, the import of cement will now be zero‑rated, however, the 9% VAT will still be applicable.

Cement manufactured and originating from any MSG countries will also qualify for duty concessions under the MSG Agreement attracting the same rate of duty, zero fiscal duty and free import excise duty but subject to 9% VAT.

Das says these concessions will remain available to all companies and individuals for 3 months.

However, in order to qualify for concession, orders must be placed and consignments must leave the country of origin before the expiry of the three months that is the 9th of September.

Das has appealed to the businesses to pass on the duty concession to the consumers and any breach of the concession provided will result in hefty fines and penalties.

FRCA will be closely monitoring the concessions provided and will also ensure that the same is passed on to consumers.

FEATURE NEWS
Human bones found near Sigatoka resort
Bones of two humans have been found near a resort in Sigatoka. Police confirm resort workers were digging a drain when they discovered the bones. ...
22 minutes ago
LATEST NEWS
4.15 tonnes meth bust: Justin Ho and others PTC set for April 7
The Pre-Trial Conference for Justin Ho and others, charged in relation to the $2 billion methamphetamine bust in Nadi involving 4.15 tonnes, will be ...
20 minutes ago

Paradise Beverages renews partnership with Leadership Fiji, selects brewer for 2025 cohort
Paradise Beverages has renewed their partnership with Leadership Fiji as Jiujiuwa Uluiqalau, Supervisor Brewing, will represent the company in the ...
2 hours ago

NFA signs agreement with M-PAiSA for easy payment of NFA services
People will no longer have to pay cash for the National Fire Authority services after signing an agreement with Vodafone Fiji to adopt their M-PAiSA ...
2 hours ago

Army Commander attend senior military leaders retreat in Auckland
Army Commander, Major General Jone Kalouniwai and Force Sergeant Major Warrant Officer 1 Joeli Rabuli successfully concluded the 2025 Tōtara ...
3 hours ago

Special Constable allegedly found with 40kg of marijuana to take plea on 16th April
Special Police Constable, William McKay who was allegedly found in possession of 40.07 kilograms of marijuana at his Raiwaqa home, has had his case ...
3 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Reverend Tugi on fijivillage Straight Talk With Vijay Narayan
Watch the General Secretary of Fiji Evangelical Fellowship, Reverend Simione Tugi on fijivillage Straight Talk With Vijay ...
19 days ago

fijivillage Straight Talk with Vijay Narayan and William Parkinson
Chairman of Communications Fiji Limited, parent company of FM96, LegendFM, VitiFM, Navtarang, Radio Sargam, fijivillage and PNGFM, William Parkinson ...
20 days ago

fijivillage Straight Talk with Vijay Narayan and Adi Tulia Nacola
The candid interview focuses on Nacola, coming from a chiefly family and being a daughter of a Minister who was ousted in the 1987 military coup, her ...
20 days ago

TOP