Cement News tagged under: import duty

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BCMA calls for withdrawal of import tax

19 June 2020, Published under Cement News

The Bangladesh Cement Manufacturers Association (BCMA) has called for the withdrawal of a non-adjustable advance income tax (AIT), which is applied at both the import and supply stage, according to The Financial Express. "So far we know this non-adjustable tax is not applicable for any other sectors. I also do not know whether such type of tax is realised in other countries," said BCMA president, Alamgir Kabir. Currently, local manufacturers pay three per cent tax at the import stage and ...

Armenia set to extend import duty on cement

27 March 2020, Published under Cement News

Armenia’s National Assembly passed at the first reading the amendments to extend the validity of the state duty set on cement imports until 31 December 2020. The country has imposed a AMD14,000/t duty on cement imports from Iran and other countries since it ratified the legislation on 3 June 2019, a law that expires on 1 April 2020. "Over a period between July and December, the volumes of cement imported from Iran have shrunk, that is, 19.2t of cement were imported in one month of 2018, wh...

Kenyan producers oppose National Cement's call for clinker import duty rise

06 March 2020, Published under Cement News

National Cement Co of Kenya has struck out on its own in asking for an increase on clinker import duty from 10 to 25 per cent. Bamburi Cement, East Africa Portland Cement VCO and Savannah Cement have oppossed the increase suggested by National Cement Chairman, Narendra Raval, at a meeting in Nairobi with the Kenyan Association of Manufacturers (KAM). However, the association the manufacturers to provide data on their grinding and clinker installed capacity, clinker demand and the capacity ...

Philippines announces new duty on imported cement

04 September 2019, Published under Cement News

The Philippines’ Department of Trade and Industry (DTI) will impose a general safeguard duty on imported cement for a three-year period to protect domestic product. The measure will take effect 15 days after the announcement made on Tuesday. "We are deciding on the imposition of definitive safeguard duty of PHP250/t (US$4.8/t) or PHP10/40kg bag for the first year of the implementation to encourage and challenge the local cement industries to be globally competitive," said the DTI in a sta...

Ukraine set to introduce new antidumping duties on imports

23 May 2019, Published under Cement News

Ukraine’s interdepartmental commission for international trade has decided to introduce antidumping duties on imported cement clinker and Portland cement of 115 per cent for goods originating in Russia, 57 per cent for Belarus and 94.5 per cent for Moldova, according to the Economic Development and Trade Ministry. The duties will reportedly be levied for five years. The final antidumping duty will be charged as a percentage of the customs value and in addition to the import duty. The duty ...

BCMA requests reduction in clinker import duty

23 April 2019, Published under Cement News

The Bangladesh Cement Manufacturers Association (BCMA) has requested a reduction in the specific rate duty on clinker imports to either BDT200/t (US$2.37/t) or a fixed duty of five per cent. Cement manufacturers currently pay BDT500/t, according to the Dhaka Tribune. "Usually, the government imposes five per cent import duties on any basic raw material for industries, but the cement industry pays specific taxes higher than the five per cent," the BCMA stated in a letter to the National Boa...

CCJ rules in favour of reducing tax on imported hydraulic cement

18 April 2019, Published under Cement News

The Caribbean Court of Justice (CCJ) has ruled that the regional tax, known as the Common External Tariff (CET), payable on cement categorised as ‘other hydraulic cement’ should be set at five per cent. The ruling endorses a rate that is a fraction of the 60 per cent tariff that Barbados-based Rock Hard Cement had once paid on imports from Portugal and Turkey, according to the Jamaica Gleaner. In 2001, Caricom’s Council for Trade and Economic Development (COTED) had granted Barbados an ex...

Pakistan's government urged to drop coal import duty

03 April 2018, Published under Cement News

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has requested the government to allow duty free import of coal for the benefit of power generation and cement and other industry.   Syed Mazhar Ali Nasir, Senior Vice President of the FPCCI, has urged the Miftah Ismail, Advisor to Prime Minister on Finance, Revenue and Economic Affairs, and Federal Minister for Commerce, Muhammad Pervaiz Malik, to withdraw the five per cent import duty on coal and allow its duty-free imports...

Pakistan: APCMA calls for higher duty on Iranian cement imports

30 January 2017, Published under Cement News

All Pakistan Cement Manufacturers Association (APCMA) is urging the government to put a 20 per cent import duty on Iranian cement, claiming that Iranian producers are "dumping" the building material in border markets. "The local market in areas adjacent to the Iranian border and the coastal area of Balochistan are flooded with Iranian cement. Domestically produced cement is losing its markets, as it is unable to compete with Iranian offerings due to their duty and tax evasions," PCMA's Cha...

Bangladesh seeks duty-free export to Nepal

01 July 2016, Published under Cement News

In an attempt to boost bilateral trade, the Bangladeshi government is discussing the possibility of duty-free export of cement and other commodities with the Nepalese government. In total, Bangladesh has demanded duty-free access of 56 items and commodities to Nepal, including cement, construction materials, plastic goods and certain food items. In return Nepal demanded duty-free import of machine-processed writing paper, according to the Ministry of Commerce. According to official Nep...