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Traders decry the adverse effects of new tax proposals

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The price of basic commodities is expected to rise once the Financed Bill 2024 is passed. [File, Standard]

A cross-section of citizens have voiced their concerns over what they term adverse effects of proposals contained in the Finance Bill 2024 on household budgets.

The Bill proposes to impose an excise duty of 25 per cent on raw and refined edible oil while at the same time introducing a 10 per cent excise duty on plastic packaging material under the Eco Levy.

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