Gov’t urged to contemplate value caps on important items – Sudans Post
JUBA-The Transitional National Legislative Assembly (TNLA)’s Standing Specialized Committee on Trade and Industry on Thursday urged the federal government to contemplate introducing value caps on important items to deal with the rising value of dwelling.
Addressing journalists at a press briefing on Thursday, Chairperson of Trader and Industry, Eng. Mayen Deng Alier, known as for the introduction of value controls on some meals gadgets.
“There is a need for the Ministry of Trade and Industry to estimate the overall cost of essential products and their projected retail prices, and this should be published in newspapers weekly,” Deng stated.
Deng stated value management will assist to alleviate the monetary burden on the neighborhood and guarantee entry to important commodities.
“We should know what the cost of buying, importing, and the product margin is, maybe on a kg of sugar. So, when a retailer sells this, then we should know how much he or she should sell,” he stated.
Deng believed fixing costs of important items and providers would allow shoppers to afford them.
“So, when we go and tell him or her, then we should have done our calculations based on the tax that is imposed, based on our information on the cost of transportation of some of these things.”
He disclosed that a variety of buying and selling brokers and businessmen are complaining about taxes being imposed on imported meals commodities, which resulted in a hike in costs available in the market.
He stated the variety of levies being illegally charged isn’t stipulated within the Financial Act 2024-2025, including that a few of these costs are duplicated.
He disclosed that they’re going to summon the Minister of Trade and Industry, the Minister of Finance, the Minister of Petroleum, the South Sudan National Bureau of Standards, the South Sudan Revenue Authority, and the South Sudan Chamber of Commerce over unlawful levies imposed on imported items.
He stated the assembly can be on Tuesday, January 7.
