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NO INCREASE IN TAXES ON STEEL IMPORTS

August - News
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NO HIKE IN TARIFFS ON STEEL IMPORTS
The Ministry of Finance has denied reports that taxes on imported steel have been increased.

The ministry categorically rejected the accusation on Saturday, and made it clear that the Minister of Finance has not circulated any correspondence indicating any increase in tariffs for the importation of steel.

The Finance Ministry said the fact of the matter is that the quality review section of the Guyana Revenue Authority, which is responsible for examining customs declarations for valuation, classification and volume discrepancies, identified anomalies in relation to the importation of alloy steel by several businesses in Guyana.

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