NewsWhore
12-17-2008, 02:40 PM
Powdered milk prices could go up in January, Juan Ignacio Caraballo, president of the Federation of Retail Merchants (Fenacodep) told El Caribe. Beginning on 1 January 2009, the 12% deduction that the Customs Department (DGA) has allowed to importers of powdered milk will be rescinded. DGA instructed its inspectors to now charge 20% tariff on imported milk. El Caribe speculates that local dairy producers could be behind the decision.
Caraballo said that according to his reports, a bag of powdered milk that can be purchased for US$125 at an RD$35.50 exchange rate, and, at 8%, it pays RD$355 pesos in taxes, but the decision by Customs will increase this to RD$887, a difference of RD$532 pesos.
More... (http://www.dr1.com/index.html#7)
Caraballo said that according to his reports, a bag of powdered milk that can be purchased for US$125 at an RD$35.50 exchange rate, and, at 8%, it pays RD$355 pesos in taxes, but the decision by Customs will increase this to RD$887, a difference of RD$532 pesos.
More... (http://www.dr1.com/index.html#7)