ANNOUNCEMENT 21 Jun 2013

In June 2013, the government of Sri Lanka announced a change in import duties.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 21 Jun 2013 | Removal date: open ended

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%.

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