BANDAR SERI BEGAWAN: As food prices rise after the cost of raw materials increase from geopolitical pressures and inflation, the recently suspended tariffs on plastics had added to the issue.
More than a month after an excise duty of BND5-per-kilogramme (kg) on plastic imports – including disposable containers and bags – was imposed over a three-per-cent rate, the Ministry of Finance and Economy (MoFE) announced the suspension of the duty and replaced it with a five-per-cent rate of the declared trade value as an “interim measure”.
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