Tax on Wheat Flour reduced | Daily News


 

Tax on Wheat Flour reduced

The Government has removed the Consolidated Tax of Rs.36 per kilogramme of imported wheat flour and replaced it with the Special Commodity Levy (SCL) of Rs.8 per kilogramme.

This Special Commodity Levy is effective from December 14 through a special Gazette notification issued by Prime Minister Mahinda Rajapaksa as the Minister of Finance, Economy and Policy Development.

The Ministry of Finance, Economy and Policy Development in a media communiqué said, so far, in the country only wheat grain was imported and milled to meet the country’s need for wheat flour for consumption.

As per the decision taken by the Cabinet of Ministers last week with the introduction of SCL of Rs 8 per kilogramme of wheat flour, traders could import wheat flour directly to sell them at a competitive price in the local market.

The Cabinet of Ministers last week,in order to control the increasing prices of rice in the market decided to set a maximum retail price of Rs 98 per kilogramme of Samba and Nadu rice while reducing the duty of wheat flour enabling the importation of wheat flour directly.

Accordingly, the all-inclusive duty of Rs 36 per kilogramme of wheat flour has been reduced to Rs.8 per kilogramme with effective from December 14, 2019.

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Taxes on wheat flour reduced (10:00)

The Government has removed the consolidated Tax of Rs 36 per kilogram of imported wheat flour and replaced it with the Special Commodity Levy of Rs.8 per kg.
 
This Special Commodity Levy is effective from December 14th through a special Gazette notification issued by the Prime Minister Mahinda Rajapaksa as the Minister of Finance, Economy and Policy Development.


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