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ECONOMYNEXT – Sri Lanka has hiked import duties and slapped surcharges on a variety of imports, together with electrical home equipment, cosmetics, alcohol and tobacco fruit because the nation tries to regulate imports and lift revenues after producing foreign exchange shortages from cash printing.
Obligation surcharges of 200 % have been imposed on imported goodies, in gazette notices issued by the Finance Ministry.
Obligation surcharges of one hundred pc have been imposed on alcohol, tobacco, beer and fruit juices.
Obligation surcharges of 75 % have been imposed on cosmetics, footware.
Different items have been charged surcharges of fifty to 25 %.
Particular commodity levies of as much as 2000 rupees a kilogram has been slapped on yoghurt, 1500 rupees on butter and 600 rupees on imported fruits.
Obtain import responsibility surcharge gazette 2282-25 dated 2022.05.31 Customs Ordinance
Obtain particular commodity levy gazette 2282-23 dated 2022.05.31 Particular Commodity Levy Act
Obtain income safety order 2282-24 dated 2022.05.31 Income Safety act
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