Global Trade Alert
Global Trade Alert

Sri Lanka: Import levy increased on certain vegetable oils and margarine (June 2016)

Announcement

16 Jun 2016

The Sri Lankan Minister of Finance increased the Special Commodity Levy (SCL) applicable on imports of certain vegetable oil products, including margarine. Further SCL was introduced on imports of Crude Palm Olein. These levy changes are applicable for a period of 6 months.

The levy on these products was last increased in May 2016.

Source

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

17 Jun 2016

Revocation date:

19 Jan 2017

Updated: 16 Jun 2016
Import tariff
<p>A Special Commodity Levy (SCL) of Rs. 155 per kg. (~USD 1.07 as on 16 June 2016) was imposed on imports of Crude Palm Olein. Since the SCL is a composite levy, it replaces a general customs d...
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Implementation date

17 Jun 2016

Revocation date:

No revocation date

Updated: 16 Jun 2016
Import tariff In force

The Special Commodity Levy was increased by Rs. 20 on the import of soya bean oil, palm oil, sunflower seed oil/safflower/cottonseed oil, coconut/palm kernel/ babassu oil, and margarine. The e...

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