Government implements reduction in Special Commodity Levy on imported onions and rice

Date:

March 28, Colombo (LNW): The government has enacted a reduction in the special commodity levy on imported onions and rice, effective from March 27.

Specifically, the Special Commodity Levy previously set at Rs. 65 per 1kg of rice has been adjusted to Rs. 1, a measure set to remain in effect until April 03, 2024.

Additionally, President Ranil Wickremesinghe has directed a reduction in the tax imposed on imported other onions (Rose Onions) to Rs. 10 per kilogram, applicable until April 30, 2024.

This directive, issued by the President, stems from the authority vested in him under the Special Commodity Levy Act, No. 48 of 2007.

Share post:

spot_imgspot_img

Popular

More like this
Related

AliExpress Suspends Budget Shipping to Sri Lanka Amid Customs Duty Reform

AliExpress, the global e-commerce platform owned by China’s Alibaba...

Sri Lanka Reschedules €30M Debt with Hungary amid Financial Stability Efforts

As Sri Lanka continues to grapple with its worst...

Japan Backs Sri Lanka’s Anti-Corruption Drive with $2.5M UNDP Project

In a significant boost to Sri Lanka’s efforts to...

Govt Unveils 5-Year Plan to Triple Digital Exports and Transform Economy

Sri Lanka has unveiled an ambitious five-year roadmap to...