Kango Private Limited has called on Government to increase duty on gas stoves.
This comes at a time when Kango is facing competition from imported gas stoves. According to a competition and tariff commission report, Kango believes the duty increases on the product will contribute create employment and conserve foreign currency for some other commitments. Part of the report reads:
The commission received an application from Kango products for an upward review of customs duty on complete gas stoves from 0-40 percent under the SADC and Comesa trading arrangement. Kango alleges that tariff protection would safeguard and create more employment, conserve foreign currency through import substitution, thus, generate more foreign currency.The company is facing stiff competition from imported gas stoves as research shows that major imports source countries are China, Egypt and South Africa.
The Competition and Tariff Commission (Commission) is a statutory body established under the Competition Act [Chapter 14:28]. The present Commission is a product of the merger in 2001 of the former Industry and Trade Competition Commission (ITCC) and Tariff Commission (TC). The ITCC had been... Read More About Competition and Tariff Commission