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October 24, 2018

Ministry of Commerce discuses duty on areca nut exports

The Ministry of Commerce is planning to discuss tax on areca nut exported to India via the Tamu and Reed border trade camps, according to a report in Myawady Daily yesterday.
“We will discuss reduction in tax when we export Myanmar areca nuts. Recently, Myanmar has been exporting areca nuts that are mixed with areca nuts from other countries; therefore, it cannot benefit from the tax relief. We are preparing to send notifications to both countries to discuss the tax relief matter,” said U Toe Aung Myint, permanent secretary of the Ministry of Commerce.
Myanmar exports areca nuts mainly to India via the Tamu and Reed border trade camps. Areca nuts found in the market are not only from Myanmar but also from Indonesia.
Previously, India’s customs department collected 0 per cent import duty on Myanmar betel nuts. But now, India’s customs department is confiscating imported areca nuts that are third-country products, and so, they collected 40 per cent import duty on Myanmar betel nuts.
Annually, Myanmar exports large volumes of betel nuts to India via the Tamu and Reed border trade camps. Myanmar export traders are now being compelled to consider suspending exports to India. Therefore, Myanmar authorities should take legal action over illegal areca nuts entering Myanmar.

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