|Company A once imported sugar cane for use in production of lysine, but due to the rise in sugar prices, decided to replace sugar cane with corn. They then developed the technology needed for conversion into lysine.
If the company imports corn, they will not be eligible for quota tax and tax concession resulting in 328% rise in taxes. Such a rise would make production of lysine prohibitive leading to a complete shut down in production.
Company A asked OIO representatives to explain the situation and request that the notification be amendment be changed to allow for application of tariff quotas/ and tax concessions on corn imported for production of lysine on a national basis.