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Govt. raises taxes on imported rice

Monday, 1 February 2016 00:00 -     - {{hitsCtrl.values.hits}}

Minister of Finance Ravi Karunanayake said the commodity levy on imported rice has been raised by 15% effective midnight Sunday.

Accordingly duty on a kilogram of imported rice has been increased from 35 rupees to 50 rupees. The government has taken the measure ensure a fair price for rice in the market due to a surplus in local paddy stocks and the release of the harvest into the market.

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