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: 11 Apr 2014 | Removal date: 10 Oct 2014
Still in force

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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1005 Maize (corn).

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