Import duty on sugar raised from 25% to 40%
Q. On 29th Apr’15, the government decided to raise import duty on sugar from 25 percent to ____ percent.- Published on 13 Apr 15a. 30%
b. 35%
c. 40%
d. 50%
ANSWER: 40%
This would prevent any imports in case international prices of sugar are to depress further.