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
Chinese Leader concludes visit to Sri Lanka, leaves for India
-- [6 hours ago]
Speeding vehicle knocks down ruling party Uva PC candidate in Sri Lanka
-- [7 hours ago]
Pope approves canonization for Sri Lanka's first saint
-- [9 hours ago]
Over 50,000 estate Tamil youth in Sri Lanka unable to vote at Uva PC election
-- [9 hours ago]
Sri Lanka political parties hold final campaign rallies for Uva PC election today
Central Bank releases publication on Socio-Economic Data - 2014 of Sri Lanka
Sri Lanka's trade deficit widens 55.2 percent in July 2014 mainly due to oil imports
Indian authorities to question Sri Lankan spy suspect
Norway has no interest in creating communal tension in Sri Lanka - envoy
Sri Lanka, China leaders inaugurate Colombo Port City Project

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.