BIZ

CESS tax on multiple items amended

Published

2 years ago

November 16, 2022

editor

The rate of CESS levy imposed on a total of 637 items under 187 HS codes has been amended with effect from yesterday (Nov. 15)

In his capacity as the Minister of Investment Promotion, President Ranil Wickremesinghe has issued the relevant government notification on November 14, by virtue of the powers vested in him by Section 14 of Export Development Act No. 40 of 1979.

Thereby, the prices of imported items such as butter, dairy spreads, cheese, curd, onions, garlic, several vegetables and fruits, soap, wet wipes, cement, notebooks, exercise books, air conditioning machines, household or laundry washing machines, and ballpoint pens will be increased.

The Ministry of Finance, however, noted that the CESS rate revision will affect the prices of any imported essential items.

Related Topics:Featured lka SriLanka Tax

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No change in Laugfs gas prices

Published

4 days ago

September 4, 2024

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The price of Laugfs domestic LP gas cylinders will remain unchanged for the month of September.
Accordingly, the maximum retail price of a 12.5 kg domestic cylinder is Rs. 3,680 and 05 kg cylinder is Rs. 1,477.

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No revision in Litro gas prices this month

Published

1 week ago

September 1, 2024

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The Chairman of the Litro Gas Company, Muditha Peiris says that the prices of liquefied petroleum (LP) gas cylinders will not be revised today (Sep. 01) for the month of September.

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Fuel prices slashed

Published

1 week ago

August 31, 2024

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Ceypetco has announced that fuel prices will be reduced with effect from midnight today (Aug. 31).

Petrol Octane 92 reduced by Rs.12 to Rs. 332, Octane 95 reduced by Rs. 2 to Rs. 377, Auto Diesel reduced by Rs. 10 to Rs. 307, Super Diesel reduced by Rs. 3 to Rs. 352.

Meanwhile, the price of Kerosene remains unchanged.