Govt. mulls slap­ping new im­port tax on san­i­tary­ware im­ports

Daily Mirror (Sri Lanka) - - LIFE -

At­ten­tion has been drawn to in­tro­duce an im­port tax on im­ported san­i­tary­ware prod­ucts as a mea­sure to pro­tect the lo­cal man­u­fac­tur­ers of such prod­ucts, a state­ment from the Pres­i­den­tial Me­dia Di­vi­sion said.

Dur­ing a re­cent Na­tional Eco­nomic Coun­cil (NEC) meet­ing, it has come to light that lo­cal pro­duc­ers of san­i­tary­ware have not been able to com­pete with im­ported prod­ucts as the cess on such prod­ucts was re­moved.

“Ac­cord­ingly, at­ten­tion was drawn to im­pose an im­port tax sim­i­lar to the value of the cess that pre­vailed,” the state­ment said. There was a to­tal duty of 90 per­cent on the tiles and san­i­tary­ware sec­tor with an im­port cess of 35 per­cent, Cus­toms duty of 30 per­cent or Rs.100 per square me­ter, Value Added Tax of 15 per­cent, Na tion Build­ing Tax of 2 per­cent and the Port and Air­port Levy of 7.50 per­cent.

Newspapers in English

Newspapers from Sri Lanka

© PressReader. All rights reserved.