Bill seeking to look into importation of pre-mixed sugar filed
By Angie M. Rosales 06/27/2011Sen. Juan Miguel Zubiri moved to have an inquiry in the upper chamber over the noticeable increase in the importation of pre-mixed sugar in recent months which, could lead the possible collapse of the sugar industry as well as loss in government revenues.
The senator filed Resolution No. 517 to effect an investigation on the reported technical smuggling of sugar following reports from the National Federation of Sugar Planters Inc., on the increased importation or about one million 50-kilo bags of premixed sugar in 2010.
This practice of importing sugar premix is purportedly to evade the payment of tariff on sugar and is considered as technical smuggling, since under the existing Tariff Code, premix products containing less than 65 percent of sugar is tariff -free while importation of sugar premix which exceeds the allowable percentage carries a tariff of 38 percent.
But laboratory analysis from the Sugar Regulatory Administration (SRA) showed that some of these sugar premix importations contained 99.55% sugar..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/nation/20110627nat3.html
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