ANNOUNCED AS TEMPORARYNo
Internal taxation of imports
Effective 11 April 2014, Sri Lanka imposed a Special Commodity Levy of 10% per kg on the import of maize and grain sorghum for a period of two months. This is according to the Recent Economic Development Report (2014) published by the Central Bank of Sri Lanka.
On 11 June 2014, the above reduced levy was extended until 15 July 2014. On 26 July 2014, it was further extended for 3 months.
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. The levy will be in place of Customs duty of 15% of Customs duty, 12% of VAT, 2% of NBT, 5 per cent of PAL and 35% of Cess.
⚑ Please report this page in case you detect an inaccuracy in its content.