Reply To:
Name - Reply Comment
Last Updated : 2024-04-19 00:00:00
INSEE Cement Sri Lanka yesterday said that it would be passing on the tax reduction benefits to its consumers and industrial customers.
Following the recent announcement by the government to provide tax concessions to improve the cost of living of the public, INSEE Cement Sri Lanka, the manufacturer of Sanstha and Mahaweli Marine Plus cement, has decided to pass on the benefit of the removal of the Nation Building Tax (NBT) and reduction of the Value-Added Tax (VAT) to its customers by reducing the price of cement accordingly.
The government last week abolished the NBT and slashed the VAT to 8 percent, from 15 percent.
The company said the price reduction has been effective sincea December 1, 2019.
Any new guidelines issued by the Consumer Affairs Authority with regards to the revised maximum retail price will be immediately adhered to.
INSEE Cement Sri Lanka is the only fully-integrated cement manufacturer of cement in Sri Lanka. The company’s flagship brand Sanstha Cement is the first superior blended cement launched in Sri Lanka.
Further, INSEE produces customised concretes (ready-mixed) in the state-of-the-art INSEE concrete manufacturing facility in Peliyagoda.
Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Reply To:
Name - Reply Comment
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul
A recent post on social media revealed that three purple-faced langurs near t
10 Apr 2024
09 Apr 2024