NewsWhore
12-18-2008, 03:20 PM
Customs (DGA) director Miguel Cocco is denying that tariffs on imported powdered milk have been raised. Cocco explained that at one stage a ton of powdered milk, which costs RD$5,500, was subject to a 20% tariff, which was then administratively reduced to 8% when dairy costs skyrocketed on the international market. But now the DGA has decided to restore the 20% tariff established by the law. Cocco says that when milk prices went up, the tariff went down, and now that milk prices have gone down, the full tariff has been reinstated. Cocco defended the DGA's actions by saying that the government lost out on millions when the tariff was reduced so Dominicans would not have to pay for much more expensive milk, because national milk production only meets 30% to 35% of the national demand.
Yesterday it was reported that powdered milk prices could go up in January and that beginning on 1 January 2009, the 12% deduction that the Customs Department has allowed for powdered milk importers will be rescinded.
More... (http://www.dr1.com/index.html#8)
Yesterday it was reported that powdered milk prices could go up in January and that beginning on 1 January 2009, the 12% deduction that the Customs Department has allowed for powdered milk importers will be rescinded.
More... (http://www.dr1.com/index.html#8)