As you would be aware, Treasury, on 1 July 2022, provided a once-off suspension of duty facility for your
company to import 10 000 MT of oranges and 5 000 MT of grape fruits. This measure was expected to
augment local supplies, thereby minimising supply disruptions, as well as guaranteeing affordable prices to
the general public.
Treasury, however, notes that the pricing of your products is now exclusively in foreign currency,
notwithstanding Government's initiatives to promote the use of local currency. You will be aware that
beneficiaries of tax incentives are expected to complement Government's interventions with responsible
pricing models with a view to ensuring affordability of goods, which is key in achieving Government's
developmental objectives.
In view of the above, I wish to advise that, pending conclusion of investigations on your pricing model, the
Suspension of Duty Facility has been revoked.
In this regard, all new imported consignments will, with immediate effect, be liable to duty at prescribed rates.
