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Govt. to charge Rs.3 from tea exports!

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The government has decided to charge a license fee of Rs.3 for exporting a kilogram of tea.

Issuing a gazette, the Sri Lanka Tea Board said that this license fee must be paid at the time the Tea Commissioner approves the Customs Export Declaration.

This license fee has been imposed as per the Tea Export Tax and Control Orders of 2023 and every registered tea exporter has to pay the fee.

The Sri Lanka Tea Board said if the export order cannot be executed, the exporters will have the opportunity to recover the license fee.

This license fee should be credited to the capital fund established under the Tea Board Act.

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SLC doubles test players’ payments to boost morale

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Sri Lanka Cricket (SLC) has announced a significant increase in payments for Sri Lanka’s Test players, effectively doubling their compensation.

The decision, made by SLC, is aimed at fostering greater enthusiasm among Test players and emphasizing the importance of Test cricket, the governing body stated.

The increased payments will be implemented based on the match contracts of each player, in accordance with SLC guidelines.

As a result of this adjustment, the total payment for a Test player per international match will now amount to approximately USD 15,000, which is around Rs. 4,450,000.

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India to cover tax costs for Sri Lanka-India passenger ferry service

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The Government of India has decided to bear the cost towards applicable taxes and other charges to the tune of over LKR 25 million per month for a period of one year for the passenger ferry service between Nagapattinam in India and Kankesanthurai (KKS).

The passenger ferry service, which was launched in October 2023 by the Shipping Corporation of India (SCI), will tentatively resume on May 13, 2024. It will be operated by a private operator, IndSri Ferry Services, selected by SCI in consultation with the Government of Sri Lanka (GOSL).

In order to make the service affordable and attractive for passengers, the Government of India has decided to bear the cost towards applicable taxes and other charges to the tune of over LKR 25 million per month for a period of one year.

Similarly, the GOSL has reduced the deviation tax currently charged from passengers leaving Sri Lanka by passenger vessels and ships.

It should be recalled that the Government of India has also extended a grant assistance of USD 63.65 million to the GOSL for the rehabilitation of the KKS Harbour, which was earlier envisaged to be undertaken under a Line of Credit.

(dailymirror.lk)
(Except for the headline, this story, originally published by dailymirror.lk has not been edited by SLM staff)

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China Pledges Full Support for Sri Lanka’s Debt Restructuring

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State Minister of Finance Shehan Semasinghe has met with the Chinese Vice Minister of Finance Liao Min.

This meeting was held on the sidelines of the ADB annual meeting in Georgia.

Minister Semasinghe said on X ”at this discussion China assured its fullest support and cooperation to conclude the debt restructuring process in Sri Lanka.”

Furthermore, he said that China reaffirmed steadfast support to Sri Lanka on all fronts.(news first.lk)

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