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AIA Engineering intimates of imposition of 15% customs duty on import of grinding media by South Africa

Capital Market 

AIA Engineering announced that recently South African Government has imposed 15% customs duty on imports of Grinding Media from all countries except European Union and UK and under FTAs as a part of their internal policy reforms.

The company through its overseas subsidiary, VEGA RSA, has sold approx. 4200 MT of Grinding Media in South Africa during current Financial Year.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Wed, September 22 2021. 19:22 IST