Sri Lanka: Import duty reduced on broken rice through imposition of a commodity levy

The Sri Lankan government imposed a Special Commodity Levy of Rs. 5 per kg., which is lower than the import duty, on the imports of broken rice. The levy had been initially imposed for a period of 3 months but was subsequently reduced to Rs. 0.25 per kg.

The Special Commodity Levy is a composite duty on the product and no other tax, import duty, cess etc. is applicable on the said product while the levy is valid.