Jan 06, 2019 - ... Milk powder companies are to suspend milk powder imports as they have not been given permission by the Consumer Affairs Authority to increase milk powder prices Milk powder importers said.
Milk powder importers will not place new orders with manufacturers in Australia and New Zealand until the Consumer Affairs Authority allows them to increase the price by Rs.100 of a kilo gram packet.
The price -controlled milk powder is now undergoing a 15% VAT inclusion since 2016, while global milk prices, inflation and rupee devaluation continued to increase cost to the industry.
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