The Treasury has proposed to cut excise duty remission on millet, sorghum and cassava by 20 percentage points in the latest blow to beermakers already smarting from Covid-19 containment measures.
The reduction in the rate of excise duty that is forgiven (remission) from 80 to 60 percent, implies consumers will be asked to pay more for the low-end beers meant for a price-sensitive market segment.
