IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 13 May 2016 | Removal date: 16 Jun 2017
Still in force

Import tariff

 On 12 May 2016, Sri Lanka published the Extraordinary Gazette No. 1966/26 which resulted in an increase in the Special Commodity Levy by Rs. 20 on the import of soya bean oil, palm oil, sunflower seed oil/safflower/cotton-seed oil, coconut/palm kernel/ babassu oil, and margarine. The effective levy rates therefore are increased from Rs. 110-130 to Rs. 130-150 per kg. on soyabean oil, palm oil, and sunflower seed oil/safflower/cotton-seed oil, from Rs. 130-145 per kg. to Rs. 150-165 on coconut/palm kernel/ babassu oil, and from Rs. 175-275 per kg. to Rs. 195-295 per kg. on margarine.
 
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 SCL, initially announced for a period of 6 months has been amended on 17 June 2016 (see related State Act).

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

216 Vegetable oils
1511 Palm oil and its fractions, whether or not refined, but not chemically modified.
151110 Crude oil
151190 Other
1513 Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified.
151319 Other
151329 Other
217 Margarine & similar preparations
1517 Margarine; edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this Chapter, other than edible fats or oils or their fractions of heading 15.16.
151710 Margarine, excluding liquid margarine
151790 Other

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