Sri Lanka Customs collects Rs. 4 b in taxes from rice imports

Monday, 23 December 2024 03:08 - - {{hitsCtrl.values.hits}}

Sri Lanka Customs announced a tax revenue of Rs. 4.3 billion from the import of 67,000 tons of rice since 4 December.

The imported stocks comprised 28,500 tons of raw rice (Kakulu) and 38,500 tons of Nadu rice. Each kilo of rice was taxed at a rate of Rs. 65, contributing significantly to the Government coffers.

The surge in rice imports follows the temporary removal of import restrictions to address shortages and stabilise market prices as approved by the Cabinet earlier this month.