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Businesses at Odds Over Edible Oil VAT

Edible oil refiners and wholesalers of the item are engaged in a tussle over the payment of the reinstated Value Added Tax, causing a delay in the supply of the commodity to traders from refineries.

The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association has recently asked its buyers to pay additional money for edible oil supply from refineries as the 10 per cent VAT waiver facility on the commodity ended on April 30.

Source: www.newagebd.ne

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