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Last Updated : 2024-04-27 08:30:00
Colombo, March 28 (Daily Mirror)- The special commodity levy on rice was reduced not to allow import of rice but to clear a stock of rice currently stuck with the Customs, State Minister of Finance Ranjith Siyambalapitiya said today.
He told reporters that a stock of Keeri Samba rice was imported in January to control the escalating prices and shortage in the market and that a part of that imported stock of rice was stuck with the Customs due to a delay in receiving the stock.
He said the special commodity levy on rice was reduced from Rs. 65 to Rs. 1 for a period of one week to facilitate the importers to get that rice stock cleared from the Customs.
"This move will not lead to import of new rice stocks as the reduction will be effective only for a week. The importers must clear the rice stock stuck with the Customs within a week," he said.
Commenting on the reduction of the special commodity levy on big onion, he said the import levy on Rose Onion was reduced from Rs. 80 to Rs. 10 to control the escalating big onion prices in the market.
"Rose onion is the best alternative to big onions. We want to bring the big onion prices to a reasonable level," he said.
curious Thursday, 28 March 2024 05:31 PM
Will the benefit of the lower levy be passed on to the consumer? Hope it isn't a sugar deal
Chrishain Jayalath Thursday, 28 March 2024 09:22 PM
Daylight robbery! This is a carbon copy of the sugar tariff scam!
Patcitz Friday, 29 March 2024 12:18 AM
Election BAILA.
Sambo Friday, 29 March 2024 08:17 AM
Should this be done during the harvesting period it self. Every time when harvesting is due you people import rice and this time with a different story.
Buddhist Friday, 29 March 2024 05:10 PM
He should tell this story to his "balu kukka".
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