Duty on select imports hiked to protect local industry

Thursday, 1 August 2013 02:20 - - {{hitsCtrl.values.hits}}

The Finance Ministry said yesterday that the import duty on vehicle tyres, excluding for buses, vehicle parts and dairy products, including butter, was also revised with effect from 31 July 2013. “This move is expected to help the development of domestic industries, particularly related to light engineering, dairy products and tyre manufacturing,” the Ministry said. In addition, the total tax applicable for the importation of single cabs was also revised to correct an anomaly on taxing such vehicles. The new rates have been published in Extraordinary Gazette Notifications No. 1821/1, 1821/3, 1821/4 and 1821/18, dated 29 July 2013.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.