LBCI

Import goods prices to increase due to customs tariff adjustments

News Bulletin Reports

29-04-2023 | 12:27

Share

Share

Import goods prices to increase due to customs tariff adjustments

2^min

Starting from May 1st, the prices of imported goods in Lebanon will increase due to adjustments in customs tariffs.

The government's decision to increase the customs dollar according to the Sayrafa exchange rate will cause the prices of many goods to rise.

The percentage of customs duty applied to each item is calculated based on a fixed exchange rate of 60,000 LBP per US dollar, but with the new adjustments, it will be based on the current rate of Sayrafa.

For example, an imported cheese mold with a 25% customs duty will increase by approximately 10%.

However, the percentage increase will vary according to the customs duty rate of each item.

Some affected imported goods include canned vegetables and fruits, chocolate, biscuits, candies, cheeses, and dairy products. Additionally, prices of clothing, electrical appliances, household items, and others will be impacted even more significantly.

But some goods will remain exempt from customs duties, so their prices will not be affected.

However, will the Lebanese authorities be able to prevent prices from going up on all items?

Breaking Headlines

Lebanon News

News Bulletin Reports

Lebanon

Lebanese

Goods

Prices

Increase

Price

Import

Customs

Exchange Rate

Dollar

Next

Israeli army plans to reinforce border with Lebanon, prepares for withdrawal from Western sector

Recommended For You

Could cannabis save Lebanon? Debate reignites amid economic crisis

News Bulletin Reports

13:20

Could cannabis save Lebanon? Debate reignites amid economic crisis

Judicial reform in motion: Lebanon’s Cabinet approves long-stalled draft law to curb political interference

News Bulletin Reports

13:19

Judicial reform in motion: Lebanon’s Cabinet approves long-stalled draft law to curb political interference

US envoy Morgan Ortagus eyes Beirut visit as fears grow over potential Israeli escalation — details unfold

News Bulletin Reports

12:54

US envoy Morgan Ortagus eyes Beirut visit as fears grow over potential Israeli escalation — details unfold

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

North Lebanon voter turnout reaches 21.7% by mid-afternoon, highest in Batroun

07:47

North Lebanon voter turnout reaches 21.7% by mid-afternoon, highest in Batroun

Figures show lower turnout in most North Lebanon districts compared to 2016

08:34

Figures show lower turnout in most North Lebanon districts compared to 2016

Syrian official denies to LBCI discovery of US journalist Austin Tice's remains

05:55

Syrian official denies to LBCI discovery of US journalist Austin Tice's remains

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

07:06

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

Videos

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

07:06

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

2025-04-23

US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

2025-04-08

Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

2025-04-06

LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

Israeli official urges international support for Lebanese government and army

Middle East News

2025-03-19

Israeli official urges international support for Lebanese government and army

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

Most read

24 hours

7 days

Month

Paragliding fatality in Sahel Aalma: Instructor flees after man falls to death — Here’s what we know so far

1

Paragliding fatality in Sahel Aalma: Instructor flees after man falls to death — Here’s what we know so far

US envoy Morgan Ortagus eyes Beirut visit as fears grow over potential Israeli escalation — details unfold

2

US envoy Morgan Ortagus eyes Beirut visit as fears grow over potential Israeli escalation — details unfold

Could cannabis save Lebanon? Debate reignites amid economic crisis

3

Could cannabis save Lebanon? Debate reignites amid economic crisis

Judicial reform in motion: Lebanon’s Cabinet approves long-stalled draft law to curb political interference

4

Judicial reform in motion: Lebanon’s Cabinet approves long-stalled draft law to curb political interference

Syrian official denies to LBCI discovery of US journalist Austin Tice's remains

5

Syrian official denies to LBCI discovery of US journalist Austin Tice's remains

Lebanon’s President Joseph Aoun heads to Kuwait on an official visit

6

Lebanon’s President Joseph Aoun heads to Kuwait on an official visit

Latest voter turnout figures updated in ongoing municipal elections in North Lebanon and Akkar

7

Latest voter turnout figures updated in ongoing municipal elections in North Lebanon and Akkar

Figures show voter turnout at 10:30 a.m. in North Lebanon and Akkar

8

Figures show voter turnout at 10:30 a.m. in North Lebanon and Akkar

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More