New regulation on corn imports: 5 percent tax for up to 1 million tons!
The Ministry of Trade has set the customs duty at 5 percent for corn imports up to 1 million tons. A 130 percent tax will be applied to imports exceeding this amount. The regulation aims to regulate corn imports where domestic production remains insufficient.
The Ministry of Trade has set the customs duty at 5 percent for corn imports up to 1 million tons. For imports exceeding this amount, a 130 percent tax will be applied.
The Ministry of Trade has implemented a new customs duty regulation for corn imports, where domestic production is insufficient to meet consumption. Accordingly, a 5 percent customs duty will be applied to imports of up to 1 million tons until December 31, 2024. However, a 130 percent customs duty will continue to be applied to imports exceeding this amount.
News Source: 12punto
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