Govt raises Special Commodity Levy on imported sugar

Govt raises Special Commodity Levy on imported sugar

Govt raises Special Commodity Levy on imported sugar

Written by Tharushan Fernando

16 Sep, 2016 | 7:08 pm

The government raised the special commodity levy imposed on imported sugar from midnight Thursday.

A communique issued by the Ministry of Finance states that the special commodity levy imposed on a kilogramme of imported sugar will thus be increased by one rupee and seventy five cents.

Meanwhile, the communique also states that a special commodity levy of Rs.15 will be imposed on a kilogramme of brown sugar from midnight Thursday.

The communique further states that even though the tax on imported sugar had increased, this increase will not affect the Rs.95 per kilogram maximum retail price imposed on the sale of sugar.

In its communique, the Ministry of Finance says that strict action will be taken against traders who sell sugar exceeding the controlled price.

Based on the recommendations of a cabinet sub-committee , a maximum retail price was imposed on 16 essential items to help improve the cost of living.

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