May 032013

Leading News from Sri Lanka::

* Sri Lanka raises tax on imported potatoesFri, May 3, 2013, 07:19 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 03, Colombo: The Sri Lankan government has raised taxes levied on imported potatoes by Rs. 10 per kilo, the Finance and Planning Ministry said.

The Ministry said the government has decided to revise special commodity levy on imported potatoes in order to ensure a better and reasonable price for local farmers who are engaged in potato cultivation.

Accordingly, special commodity levy charged per kilo of imported potatoes has been increased from Rs.15 to Rs.25

The government, which provides seeds and fertilizer to the farmers in order to boost local agrarian products, has imposed high import taxes on products such as Chilli, Cowpea, Green gram, Peanut, Sugar, Kurakkan which are locally produced to ensure a high price for the production of local farmers.

According to the Ministry, Sri Lanka is is self – sufficient in rice and Maize and currently, local farmers are able to supply their production to meet 50% of the consumption requirement of the country.

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