Following discussions held with President Maithripala Sirisena at the President Secretariat yesterday, he had agreed to release the sugar stocks already at the harbour under Rs.14 customs tax concession, Sugar Importersâ Association member Priyantha Senavirathne said.
Speaking to the Daily Mirror he said 5,000 tonnes of sugar was already stuck at the Colombo Port after imposing an extra control price.
âA sugar importer has to pay Rs. 44.50 as customs tax and Rs. 58.50 when unloading a kilo of sugar from the Port. Another Rs. 3 has to be spent on transport and service tax,â he said.
Therefore, the Association had requested the President to release the Customs tax imposed on sugar imports. But the President did not agree. Finally it came to a conclusion of reducing the Customs release tax to Rs. 31 until the imported stocks get cleared from the Port.
He said the President was also told to have a more detailed discussion at the next Cost of Living Committee meeting.
âThe price of a metric tonne of sugar in the Indian market which was at US$ 340, US$ 400 in the London market and US$ 390 in the New York Market had been increased by US$ 8 from yesterday,â he said.
Mr. Senavirathne said the Association had decided to stop importing sugar temporarily due to the world market and Indian market sugar price hike and after imposing an extra control price on sugar import by the Government.
The Association yesterday requested a discussion with the Finance Ministry and the President
Rajasthan Royals roped in star Sri Lanka spinner Maheesh Theekshana and Wanindu Hasaranga during the…
The Public Utilities Commission of Sri Lanka (PUCSL) announced that electricity tariffs will remain unchanged…
As a subject, vocational education directly contributes to the economy and should be considered a…
Aiming to cash on growing outbound Indian tourists, Sri Lanka and Australia have launched new…
President Anura Kumara Dissanayake stated that if the current government fails to meet the expectations…
There have been abuses in the issuance of permits for expatriate workers to import electric…