ANNOUNCEMENT 31 May 2018

Sri Lanka has increased the import levy on certain vegetable oils.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Extraordinary Gazette No. 2073/37
http://documents.gov.lk/files/egz/2018/5/2073-37_E.pdf

Inception date: 01 Jun 2018 | Removal date: 24 Aug 2018
Still in force

Import tariff

On 31 May 2018, Sri Lanka through Extraordinary Gazette No. 2073/37 increased the special commodity levy on various vegetable oils by Rs. 20 as follows:

  • On crude soyabean oil from Rs. 110 to Rs. 130 per kg. and other soyabean oil from Rs. 130 to Rs. 150 per kg.
  • On crude palm oil and palm stearin from Rs. 110 to Rs. 130 per kg.
  • On palm oil imported in packaging of 210 liters and below from Rs. 135 to Rs. 155 per kg.
  • On crude palm olein from Rs. 115 to Rs. 135 per kg. and other palm olein oil from Rs. 135 to Rs. 155 per kg.
  • On crude sunflower oil from Rs. 110 to Rs. 130 per kg. and other sunflower oil from Rs. 130 to Rs. 150 per kg.
  • On coconut oil from Rs. 130 to Rs. 150 per kg.
  • On crude palm kernel or babassu oil from Rs. 130 to Rs. 150 per kg. and other palm kernel or babassu oil from Rs. 145 to Rs. 165 per kg.

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 levy has been announced for a period of 6 months commencing 1 June 2018. However, it was later increased on 24 August 2018. The levy on these products was last increased on 14 December 2017 (See related State Acts).

AFFECTED SECTORS