Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Increasing cess on tea exports affects Sri Lanka's tea industry, Marxist party points out
Wed, Feb 6, 2013, 10:56 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 06, Colombo: The Marxist party of Sri Lanka Janatha Vimukthi Peramuna (JVP) has pointed out that increasing the cess on export of tea by 100% has a drastic effect on the tea industry and urged the immediate withdrawal of the increase in the cess.

Colombo District JVP parliamentarian Sunil Handunnetti, in a statement, has said that the government has increased the cess on tea through a gazette notification on January 23rd jeopardizes the tea trade.

He has pointed out that the Rs. 10 cess imposed on a kilo of tea would increase the cess to Rs.22 under the new scheme.

He has observed that only Rs.4 was charged as cess before 2010 and increasing it to Rs.22 within two years is an unreasonable move.

According to Handunnetti, the government earns about Rs.4 billion as taxes from the tea industry, which could be the largest tax recovered by the state for any product.

He has added that the new cess for tea has been imposed by the government without even informing the Tea Board or the Tea Exporters Association.

According to cess policy, the funds collected through a cess of a certain industry should be used for its benefit, but so far it has not been used for the development of the industry, Handunnetti pointed out.

The JVP MP warned that there is a risk of the demand for 'Ceylon Tea' in the world market to drop due to high prices as taxes levied for tea and to the increase in the production cost.



ColomboPage - Recent 10 Stories
Sri Lankan President says will not allow disrespecting Buddhist monks through social media
-- [2 hours ago]
Charges for dengue laboratory tests revised island wide
-- [2 hours ago]
Ramazan celebrated with a deep sense of fellowship and co-existence - PM
-- [3 hours ago]
Sri Lankan Airlines ranked 81st among top 100 airlines
-- [4 hours ago]
Two more university students arrested for forcibly entering Health Ministry
-- [4 hours ago]
Eid al-Fitr's meaningful vision exceeds religious limitations - President
-- [4 hours ago]
Sri Lanka's new Foreign Minister plans to streamline overseas missions
-- [5 hours ago]
Government to gazette terms and conditions for SAITM, halts further enrollment and degree awarding
Sri Lanka Navy nabs two persons with 135 kg of Kerala Cannabis
Tamil Nadu fishermen increase poaching in Sri Lankan waters, Navy arrests 39 fishermen in last three days

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.