Gazette Notification levying taxes on several items

An Extraordinary Gazette Notification has been issued imposing a Special Commodity Levy on several items, including Sprats, Dried fish, Kurakkan flour, mustard seeds and salt.

The Gazette Notification was issued by the Finance Minister, Basil Rajapaksa, for a variety of products.

Accordingly, a special commodity levy of Rs.100 will be imposed on sprats and dried fish per kg.

Rs. 880 special commodity levy will be imposed on one kg of butter and dairy spreads.

Meanwhile, Rs. 50 for one kg of Mathe seeds, Rs. 150 for one kg of Kurakkan flour, Rs. 62 for one kg of Mustard seeds, and Rs. 40 for a kg of salt.

The tax will be valid for one year from August 12, the Gazette Notification said.

According to the gazette, in order to waive-off the balance amount after collecting Rs. 10 per kg from the applicable Special Commodity Levy of Rs. 40 per kg on the importation of salt, classified under the HS Code of 2501.00, listed out in the Schedule of the above, by any pharmaceutical manufacturing enterprise registered with the National Medicines Regulatory Authority (NMRA) for the purpose of manufacturing pharmaceuticals, not for commercial purposes, on the recommendation of the Secretary, State Ministry in charge of the subject of Production, Supply and Regulation of Pharmaceuticals. (Chaturanga Samarawickrama)