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: 21 Jun 2013 | Removal date: open ended
Still in force

Import tariff

On 21 June 2013, Sri Lanka increased the custom duty and surcharge applicable on the imports of gold. The custom duty has been raised to 5% from 0% previously, and the surcharge has been set at 100% of the duty. The surcharge is limited to 6 months.
 
Update December 5, 2013:
 
On November 22, 2013, the government scrapped the 100% surcharge after gold imports had come to a complete halt in the third quarter. In addition, the import duty - meanwhile at 10% - was reduced to 7.5%.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

413 Basic precious metals & metals clad with precious metals
7108 Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form.
710812 Other unwrought forms

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