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Firms get nod to import raw material for wire products tax free

Tanzanian companies have been granted exemption on imported products that attract 35 percent duty, barely a month after the EAC Common External Tariff came into force.

“Duty exemptions are fine to a certain extent but if only it is on the basis of no local supply. If it is due to supply, then we should be loyal to our manufacturers. The whole point of this is to promote employment.”

Source: Zawya

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