IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 23 Jan 2013 | Removal date: open ended
Still in force

Export tax

 
On 23 January 2013, Sri Lanka increased the export duties on bulk tea (HS Codes0902.40.91, 0902.40.92, 0902.40.93 and 0902.40.99)from Rs. 4 per kg to Rs. 10 per kg. (USD 0.08 per kg)
 
In particular cases, the duty can exceed the Rs. 10 per kg; namely when the benchmark price (Colombo Tea Auction Average Price) exceeds Rs. 200 per kg. (USD 1.6 per kg).
 
On 1 March 2013, Sri Lanka reduced the benchmark price equivalent to 2.5 percent; hence, the benchmark price must exceed Rs. 400 per kg (USD 3.2 per kg) to trigger an additional increase in the duty.
 
Overview of applied export duty after 1 March 2013:
 
case a) If the benchmark price is lower than Rs. 400 per kg, a duty of Rs.10 per kg will apply.
 
case b) If the benchmark price is higher than Rs. 400 per kg, a duty equivalent to 0.025 * benchmark price will apply.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

016 Stimulant, spice & aromatic crops
0902 Tea, whether or not flavoured.
090240 Other black tea (fermented) and other partly fermented tea

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