IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 29 Jan 2015 | Removal date: open ended
Still in force

Import tariff

 On 29 January 2015 the Interim Budget for 2015 for Sri Lanka was presented. Measures part of this budget that affect international trade and commerce have been summarised below.
 

  1. Special Commodity Levy reduced on the import of the following products (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)
  • Sugar from Rs. 28 to Rs. 18 per kg.
  • Green gram from Rs. 40 to Rs. 10 per kg
  • Sprats from Rs. 26 to Rs.11 per kg.
  • Canned fish from Rs. 102 to Rs. 50 per kg.
  • Coriander, neither crushed or grounded, from Rs. 46 to Rs. 26 per kg.
  • Black gram from Rs. 110 to Rs. 60 per kg.
  • Black gram flour from Rs. 300 to Rs. 200 per kg.
  • Maldive fish from Rs. 302 to Rs. 102 per kg.
  • Uncrushed turmeric from Rs. 202 to Rs. 102 per kg. and crushed turmeric from Rs. 510 to Rs. 360 per kg.
  • Crushed chillies from Rs. 150 to Rs. 125 per kg.
  1. Profit tax exemption earned from construction projects outside Sri Lanka
  2. Import taxes on spare parts of motor cycles and three wheelers have been removed to support domestic manufacture of these vehicles
  3. Import duty on wheat reduced by Rs. 10 per kg.
  4. Import duty on Sustagen of 15%
  5. Foreign exchange to be taken out of the country at the point of immigration will be taxed at 20%
  6. A license fee of Rs. 1.5 Million is imposed on vehicle importers
  7. Customs duty is removed (applicable at 7.5%) on Portland cement and iron and steel products to reduce input costs in the construction industry

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1001 Wheat and meslin.
100199 Other
016 Stimulant, spice & aromatic crops
0904 Pepper of the genus Piper; dried or crushed or ground fruits of the genus Capsicum or of the genus Pimenta.
090411 Neither crushed nor ground
090421 Dried, neither crushed nor ground
0909 Seeds of anise, badian, fennel, coriander, cumin or caraway; juniper berries.
090921 Neither crushed nor ground
090931 Neither crushed nor ground
090961 Neither crushed nor ground
0910 Ginger, saffron, turmeric (curcuma), thyme, bay leaves, curry and other spices.
091011 Neither crushed nor ground
017 Pulses (dried leguminous vegetables)
0713 Dried leguminous vegetables, shelled, whether or not skinned or split.
071310 Peas (Pisum sativum)
071320 Chickpeas (garbanzos)
071331 Beans of the species Vigna mungo (L.) Hepper or Vigna radiata (L.) Wilczek
071340 Lentils
212 Prepared & preserved fish, crustaceans, molluscs
0305 Fish, dried, salted or in brine; smoked fish, whether or not cooked before or during the smoking process; flours, meals and pellets of fish, fit for human consumption.
030559 Other
1604 Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs.
160415 Mackerel
235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170113 Cane sugar specified in Subheading Note 2 to this Chapter
170114 Other cane sugar
170199 Other
239 Food products n.e.c.
0910 Ginger, saffron, turmeric (curcuma), thyme, bay leaves, curry and other spices.
091030 Turmeric (curcuma)
091099 Other
2106 Food preparations not elsewhere specified or included.
210690 Other
374 Plaster, lime & cement
2523 Portland cement, aluminous cement, slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers.
252310 Cement clinkers
252329 Other
411 Basic iron & steel
7207 Semifinished products of iron or nonalloy steel.
720711 Of rectangular (including square) crosssection, the width measuring less than twice the thickness
491 Motor vehicles, trailers & semi-trailers; parts
8702 Motor vehicles for the transport of ten or more persons, including the driver.
870210 With compressionignition internal combustion piston engine (diesel or semidiesel)
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870321 Of a cylinder capacity not exceeding 1,000 cc
870322 Of a cylinder capacity exceeding 1,000 cc but not exceeding 1,500 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870331 Of a cylinder capacity not exceeding 1,500 cc
870332 Of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc
870333 Of a cylinder capacity exceeding 2,500 cc
870390 Other
8704 Motor vehicles for the transport of goods.
870421 g.v.w. not exceeding 5 tonnes
870422 g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes
870423 g.v.w. exceeding 20 tonnes
870431 g.v.w. not exceeding 5 tonnes
8705 Special purpose motor vehicles, other than those principally designed for the transport of persons or goods (for example, breakdown lorries, crane lorries, fire fighting vehicles, concrete mixer lorries, road sweeper lorries, spraying lorries, mobile wor
870510 Crane lorries
870540 Concretemixer lorries
870590 Other
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870810 Bumpers and parts thereof
870830 Brakes and servobrakes; parts thereof
870840 Gear boxes and parts thereof
870850 Driveaxles with differential, whether or not provided with other transmission components, and nondriving axles; parts thereof
870870 Road wheels and parts and accessories thereof
870880 Suspension systems and parts thereof (including shock absorbers)
870893 Clutches and parts thereof
870894 Steering wheels, steering columns and steering boxes; parts thereof
870899 Other
492 Motor vehicle bodies; trailers & parts thereof
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05.
870829 Other

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