Cement News tagged under: Tariff

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Rock Hard Cement wins classification ruling

07 August 2019, Published under Cement News

Barbados-based Rock Hard Cement Ltd has won a final court ruling regarding the classification of its cement and therefore its related tariff. "Today’s judgment settled the dispute as to whether Rock Hard Cement ought to be classified as ‘Building cement (grey)’ and be charged a CARICOM tax of 15 per cent when imported into the region, or as ‘Other hydraulic cement’ in which case a levy of 0-5 per cent would be payable," said the Caribbean Court of Justice (CCJ) in a statement.  Earlier...

Vietnam considers cutting export tariff to aid cement oversupply

07 August 2017, Published under Cement News

Vietnam’s Ministry of Planning and Investment (MPI) has proposed the export tariff be reduced to aid cement exports from the country. Domestic cement manufacturers have been struggling to export cement to ease the domestic oversupply. However, with the changes in tax policies, the clinker export cost has increased to US$4.5/t and the cement export cost US$7.5/t. This puts Vietnamese cement producers at a competitive disadvantage with rivals from China, Thailand, Indonesia and Japan, industr...

PPC

19 October 2016, Published under Cement News

Effective 1 October 2016 Zimbabwe's authorities have introduced a tariff of US$100/t on cement imports. The move comes after a number of cement producers, including PPC, warned that they may have to consider scaling down or closing their operations due to the influx of cheap imported cement. Zimbabwe is reportedly importing cement from Botswana, South Africa and Zambia despite the country’s cement production capacity being more than sufficient to meet domestic demand.  Darryl Castle, chie...