Sri Lanka cuts cement levy to boost imports

MG News | September 11, 2024 at 08:36 PM GMT+05:00

0:00

September 11, 2024 (MLN): The Sri Lankan government has decreased the cess levy on imported cement by Rs1 per kilogram, with effect from September 6, as announced by the Finance Ministry of Sri Lanka.

This revision, made under the powers granted to the Minister of Investment Promotion, with the concurrence of the Minister of Finance, is under Section 14 of the Sri Lanka Export Development Act, No. 40 of 1979, according to media reports.

Earlier, on June 3, 2020, the cess on various types of cement, including white cement and different types of Portland cement, was amended from percentage rates to specific charges per kilogram, and this adjustment took effect from July 1, 2020.

The cess is calculated on the total value of the products for customs duty purposes, plus an additional 10% of that value.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	156,180.94 423.57M	0.51% 796.43
ALLSHR	95,690.82 1,354.89M	0.59% 557.25
KSE30	47,714.39 199.12M	0.52% 247.40
KMI30	229,722.09 134.66M	0.91% 2076.87
KMIALLSHR	64,420.07 581.33M	0.83% 532.01
BKTi	41,969.52 122.61M	0.50% 207.74
OGTi	31,991.76 10.82M	1.18% 372.62

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,960.00	117,365.00 116,880.00	-130.00 -0.11%
BRENT CRUDE	68.38	68.59 68.38	-0.09 -0.13%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.35	93.50 93.15	0.50 0.54%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.45	64.67 64.44	-0.07 -0.11%
SUGAR #11 WORLD	15.88	16.10 15.82	-0.12 -0.75%