13 November 2023 01:43 pm
As a primary step to improving Sri Lanka's deeper connectivity with foreign trade and global markets, the budget 2024 proposes to eliminate non-tariff import taxes, including import CESS, Port, and Airport Levies.
President Ranil Wickremesinghe's aid easing of these taxes will be phased out through 3 to 5 years.
He also said steps will be taken to further modernize the customs laws to prepare the customs laws of Sri Lanka according to global best practices.