ANNOUNCED AS TEMPORARYNo
On 6 May 2015, Sri Lanka replaced the Special Commodity Levy on rice imports with an import duty. The levy of Rs. 40 per kg. was replaced with a customs duty of Rs. 35 per kg. However, the Special Commodity Levy is a composite duty on the product and no other tax, duty, cess etc. is applicable on the said product while the levy is valid. This means with the non-applicability of the levy, a Value Added Tax of 11%, Ports and Airport Development Levy of 5%, and Nation Building Tax of 2% will also be levied on rice imports.
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