ANNOUNCEMENT 10 Apr 2014

In April 2014, the government of Sri Lanka announced .

NUMBER OF INTERVENTIONS

2

  • 0 harmful
  • 0 neutral
  • 2 liberalising
Inception date: 10 Apr 2014 | Removal date: 09 Sep 2014
Still in force

Internal taxation of imports

 Effective 10 April 2014, Sri Lanka imposed a Special Commodity Levy ofRs.5perkg ontheimport ofriceforaperiodofthreemonths.
 
On 9 July 2014, according to the Recent Economic Development report of the Central Bank of Sri Lanka, the above reduced levy was extended for 5 months. On 5 September 2014, the levy was reduced further to Rs. 1 per kg. (see related measure).
 
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 on rice will be inplaceofCustomsdutyofRs.20perkg,12percentofValue Added Tax (VAT), 2 per cent of Nation Building Tax (NBT) and 5 per cent of Ports and Airports Development Levy (PAL).

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
Inception date: 10 Apr 2014 | Removal date: 09 Sep 2014
Still in force

Import tariff

 Effective 10 April 2014, Sri Lanka imposed a Special Commodity Levy ofRs.5perkg ontheimport ofriceforaperiodofthreemonths.
 
On 9 July 2014, according to the Recent Economic Development report of the Central Bank of Sri Lanka, the above reduced levy was extended for 5 months. On 5 September 2014, the levy was reduced further to Rs. 1 per kg. (see related measure).
 
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 on rice will be inplaceofCustomsdutyofRs.20perkg,12percentofValue Added Tax (VAT), 2 per cent of Nation Building Tax (NBT) and 5 per cent of Ports and Airports Development Levy (PAL).