Levy on imported sugar increased by Rs 1.75 per kg
The Special Commodity Levy (SCL) of cents 0.25/kg imposed on imported
sugar has been increased by Rs 1.75 per kg from midnight Thursday (15).
Accordingly, the Gazette Extraordinary to effect the increase of this
levy to Rs 2 per kg was issued by the Trade and Investment Department of
the Treasury.
A Special Commodity Levy of Rs 15 per kg has also been imposed on
imported raw (brown) sugar also from midnight Wednesday as the locally
produced raw sugar is coming to the market these days. Sri Lanka
produces around 50,000 MT of raw sugar annually which is less than 10
percent of the annual brown sugar need.
Though the levy on imported sugar has been increased there is no
escalation in the selling price of sugar. On the recommendation of the
Cabinet Sub Committee on the Cost of Living, the government introduced
maximum retail price for 16 essential items including sugar.
The maximum selling price of one kg of white sugar will continue to
be Rs. 95.00. |