ANNOUNCEMENT 11 Apr 2014

In April 2014, the government of Sri Lanka announced .

NUMBER OF INTERVENTIONS

2

  • 0 harmful
  • 0 neutral
  • 2 liberalising
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 SECTORS

 

AFFECTED PRODUCTS

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

Import tariff

 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.