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Local industrialists have hailed the Government decision to introduce the Countervailing Duty for the first time in Sri Lanka. "The last budget can be considered as a landmark budget in several ways. As industrialists, we are happy with one bold step taken by the Government, to introduce a Countervailing Duty for the first time in Sri Lanka; that is to introduce a minimum duty for footwear and bicycle imports," said Chairman Ceylon National Chamber of Industries Ranjith Hettiarachchy.
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