The 20 cents per liter export duty and 20 cents per liter excise duty on mineral water have been officially revoked after a special sitting of Cabinet this morning.
In a statement, Interim Finance Minister Mahendra Chaudhry said as per the agreement, the water bottling companies are to discontinue legal proceedings they intended to take in the matter.
Chaudhry said given the range of factors that need to be taken into consideration, the interim government and the water bottling companies are committed to expedite the negotiations and finalize an amicable solution.
The interim government has directed the Fiji Islands Revenue and Customs Authority to commence discussions with the water bottling companies regarding the appropriate level of compensation to be paid to the government by the various companies for the bottling of water.
The compensation will be based on the global benchmark and financial circumstances surrounding the bottled water companies.
Cabinet Revokes Excise Duty
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