March 16, 2012 6:50 PM

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Customs duty on agricultural processing industry reduced to 2.5 percent

To boost agricultural processing industry, the customs duty is reduced from 7.5 percent to 2.5 percent on sugarcane planter, rotary tiller and weeder. It is also reduced from 7.5 percent to 5 percent on specified coffee plantation and processing machinery.

Water soluble fertilizers other than urea will attract 5 percent customs duty in stead of 7.5 percent and liquid fertilizers will attract to 2.5 percent duty instead of 5 percent.

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