Cess on imported goods
sends prices up
Prices of many imported items including food, clothing,
electrical goods and motor vehicles have gone up in price with a
new import cess that came into effect last month.
The Customs levy ranges from one per cent to 25
per cent and is also imposed on imported meats, fruits and vegetables,
mineral waters, alcohol products and tobacco products.
The tax on beauty and make-up preparations, hair
products and perfumes is the highest with the cess being 25 per
cent or Rs. 50 per kilo.
Other items which are covered by the new levy
include shoes and sportswear, imported building materials, artificial
and cut flowers and foliage, and imitation jewellery.
The cess was gazetted by Enterprise Development
and Investment Promotion Minister Rohitha Bogollagama and came into
effect on September 16.