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::

* Sri Lanka retracts increased taxes on tea exports amid protests
Wed, Feb 6, 2013, 10:21 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 06, Colombo: Sri Lanka has retracted the new cess it imposed on bulk tea exports amid protests from political parties as well as from the industry.

Sri Lankan government suddenly increased the cess for bulk tea exports effective from January 23, 2013 to Rs. 10 per kilogram or five percent from the preceding week's auction average price, whichever is higher.

Sri Lanka government coalition party Jathika Hela Urumaya (JHU) today protested the increasing of cess for the tea industry.

JHU in a statement signed by the party national organizer Nishantha Sri Warnasinghe said that the higher cess will discourage the plantation industry.

The nationalist party further said that the Minister of Commerce and Industries Rishad Bathiyutheen introduced the cess without informing the Plantation Industries Minister Mahinda Samarasinghe.

The Marxist party Janatha Vimukthi Peramuna (JVP) also 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 cess hike.

According to a report in state-run newspaper Daily News the new cess has been revised with the intervention of President Mahinda Rajapaksa following a request by Plantation Industries Minister Mahinda Samarasinghe.

The new cess, which will be effective from March 01, 2013, for bulk tea will be Rs 10 per kilogram or 2.5 percent on the preceding three month's auction average price which had been recorded one month prior to the revision, whichever is higher.

Previous Cess for bulk tea Exports, which is Rs 10 per kilogram, will be in force until March 1.



ColomboPage - Recent 10 Stories
Sri Lanka's migrant workers' organization pledges support to opposition candidate
-- [3 hours ago]
Sri Lanka ruling party supporters attack UNP rally in Haputale
-- [5 hours ago]
Landslide warning issued for 4 districts in Sri Lanka
-- [5 hours ago]
Sri Lankan President says common opposition candidate copied his budget proposals
-- [6 hours ago]
Two Russian naval ships arrive at Sri Lanka port
-- [7 hours ago]
Heavy rains in Sri Lanka cause havoc with floods
-- [7 hours ago]
India to export two warships to Sri Lanka
-- [8 hours ago]
Sri Lanka Election Commissioner asks employers to grant leave for workers to vote
International Gem, Mineral & Jewellery trade show opens in Sri Lanka
Sri Lanka Police to investigate ruling party minister taking suspects of arson attack away from police custody

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.