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
Owners of businesses affected by the Kilinochchi market fire to get compensation
-- [3 hours ago]
Sri Lanka needs to overcome challenges to raise healthy children in a safe environment - President
-- [4 hours ago]
FAO grants Sri Lanka Rs. 40 million to implement awareness program on illegal fishing
-- [4 hours ago]
Sri Lanka's AkzoNobel hosts CSA scholarship winners on architectural tour of Singapore
-- [5 hours ago]
U.S. Embassy launches new website: lk.usembassy.gov
-- [5 hours ago]
Sri Lankan Prime Minister visits Auckland Zoo to meet Anjalee
-- [6 hours ago]
New Zealand and Sri Lanka committed to strengthening relationship, will set up diplomatic posts
-- [7 hours ago]
Sri Lanka Navy arrests five people transporting and possessing over 6 kg of Kerala Cannabis
British Council Sri Lanka opens refurbished Colombo and Kandy premises
Buddhist nationalist organizations ask government to take over Northern PC

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.