News

No more duty allowance for these luxury items

By Leon Berenger

The Customs is set to slam a tax on several luxury and semi-luxury items in a move that is likely to hit Sri Lankan returning from overseas and duty-free shops.

The items include air conditioners of all types, refrigerators of two or more doors with a capacity of over 500 litres, dish washers of all types, deep freezers of all types, four burner cookers with ovens, fully automatic washing machines, televisions-CRT exceeding 29” and LCD exceeding 32”.

On one hand the new tariffs will have an adverse impact on the hundreds of thousands of Sri Lankans entering the country after stints of employment overseas. On the other it will also help end the exploitation of allowances by unscrupulous businessmen, says Customs Chief R.S.M. Jayatilleke.
He said the bulk of these items were being re-sold in the open market through a well-organised syndicate that includes officials and workers at the Katunayake Airport. At the end the state stands to lose a large amount of revenue, he said.

A senior manager with a leading Duty Free shop at the Katunayake Airport said the new tariff would lead to at least a 50 per cent drop in sales that may eventually result in the closure of several outlets.

 
Top to the page  |  E-mail  |  views[1]
 
Other News Articles
Govt. to Lankanise foreign NGOs
Police earplugs on Jaffna phones
No more duty allowance for these luxury items
Whitewash – or else
SAARC scare drives locals to beach ball
Tightest ever security net for summit
B’caloa mass grave victims were buried about five years ago, say investigators
It’s a sweet life for Unawatuna’s stray cats, dogs
Govt. responsible if I am harmed: Janaka
Complaints from campaign trail
Odds and Ends
Laxapana project goes to German firm
Hashan playing for both sides
Milk foods: Price cap stays
Foreign Service: Who’s in and who’s out? - Right of reply
...and their homes came tumbling down
It’s time to honour the stalwarts again
Croc meat seized, but kingpin escapes
Food crisis will dominate South Asian summit
Encore! Another gold for ‘The Revelations’
Rain won’t go away: 2 deaths in Friday’s downpour

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2008 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution