ANNOUNCEMENT 21 Jun 2013In June 2013, the government of Sri Lanka announced a change in import duties.
NUMBER OF INTERVENTIONS
Custom duty notification
Removal of surcharge notification
News article on removal
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%.