THE government has collected over P11 billion in duties from rice imports by private traders since the Republic Act (RA) 11203 or “Rice Tariffication Law” took effect in March this year, Finance Secretary Carlos Dominguez 3rd said.
In his speech during the 14th World Rice Conference held in Makati City on Wednesday, he reported that tariff revenues collected from March 5 to October 31 of this year reached P11.4 billion.
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