Economy Feeds makers get tax waiver on raw materials importsThe Treasury has waived import duty on seven raw materials used to manufacture animal and chicken feeds. Mr Yatani added that the exempted products must not be Genetically Modified and shall only be used for the production of animal feeds. The Treasury has waived import duty on seven raw materials used to manufacture animal and chicken feeds in a bid to ease the pain on farmers grappling with high costs. The move is meant to bring down the cost of animal feeds that has seen farmers pass the increased costs to consumers through expensive foods. Mr Yatani added that the exempted products must not be Genetically Modified and shall only be used for the production of animal feeds.

Source: The North Africa Journal December 20, 2021 01:31 UTC