Cabinet, at its meeting of September 25, 2023 considered a memorandum dated September 25, 2023 submitted by the Ministry of Commerce, Manufacturing, Business Development, Co-operatives and Consumer Affairs, and approved the request for an amendment to Cabinet Conclusion No. 585 of August 7, 2023 to reflect the following:
- That the HS code of 9619.00.11 for women’s sanitary napkins be price controlled under Section A of the Schedule to the Distribution and Price of Goods Act, Cap. 13.09 of the Revised Laws of Saint Lucia;
- A maximum wholesale mark-up of 30 percent and a maximum retail mark-up of 35 percent for women’s sanitary napkins; and
- That the amendment takes effect from Oct. 23, 2023 and ends on Aug. 1, 2025 to coincide with the end of the Zero-Rated Value Added Tax Policy.
SOURCE: Office of the Prime Minister