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Sri Lanka to impose surcharge on customs duty on imports – tires, electrical items, chocolates and fruits Sri Lanka’s Finance Ministry has decided to impose a 100% surcharge rate on both General and Preferential Custom Duty of multiple products with effect fr...
Sri Lanka has, however, increased duty on high engine capacity cars. “Prices of vehicles above 1,000 cubic centimeter engine capacity will increase following the increase of the minimum unit tax from Friday,” announced Sri Lanka's Vehicle Importers Association. ...
The Government of Sri Lanka announced that the excise duty on all varieties of liquor, wine and beer will be increased by 20% as of midnight today (January 03). State Minister of Finance Ranjith Siyambalapitiya said the duty on cigarettes has been increased by 20% from January 1, 2023. A...
Sri Lanka's import tax landscape Understanding the import tax landscape in Sri Lanka is vital for businesses importing goods from Thailand. The system comprises varying customs duties designed to protect local industries while supporting economic growth, with higher duties on luxury an...
Customs export declaration: A declaration made to the customs office detailing the nature, quantity, and destination of the goods being exported. Certificate of origin: A document proving the Sri Lankan origin of the coconut oil, often required by importing countries to determine duty ra...
The Ministry of Commerce of Sri Lanka announced in April 28th that India had provided the duty free import quota for Sri Lanka garments. As a result, Sri Lanka clothing manufacturers can import 3 million garments in India every year, and are not allowed to use fabrics or ports. ...
Customs at the airport Sri Lanka has a dual channel system. Tourists who do not have anything to declare may choose the green channel. Tourists carrying dutiable goods or items that are subject to licence, or the movement of which are governed by International conventions, are expected to clear...
ECONOMYNEXT – Sri Lanka has relaxed import licensing on rice, a staple food, till December 20, in bid to reduce rising local prices, but still kept a 220 dollar at tonne import tax in place, which is almost 50 percent duty on basic South Asian rice grades. ...
Commercial invoices:These documents provide the value and description of the items being shipped, including the indication of shipping charges from India to Sri Lanka. Such details are crucial for calculating Sri Lanka's import and customs duty, aiding in accurate tax assessment...