Zimbabwe: Parliament Slams Mthuli Ncube’s Unyielding Fuel in Transit Duty

THE Parliamentary Committee on Budget has criticized Finance Minister Mthuli Ncube for enacting a tax payment for fuel in transit arguing the measure’s disadvantages outweigh the benefits.

In his Mid Term Budget Review, the Treasury chief imposed tax payments on fuel imported under Removal in Transit (RIT), saying the funds would be reimbursed at the Port of Exit in a desperate bid to deal with transit fraud where goods that are declared as transit consignment are offloaded in Zimbabwe.

But…