Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

Sri Lanka raises import tax on onions

byCT Report
22/08/2016
in Uncategorized
Share on FacebookShare on Twitter

COLOMBO: Sri Lanka has raised an existing food import tax on large onions to Rs40 a kilogram from Rs25 to keep domestic prices high to give profits to producers, with a price control also imposed at Rs78 rupees a kilo, the finance ministry said.

Levies on foods and other items are routinely hatched in secret in Sri Lanka by bureaucrats and ministers, and slapped by midnight gazette to help special interests lobbies, literally, while the citizenry is sleeping in a brazen act of prerogative taxation without parliamentary or even cabinet sanction. The parliament then rubber-stamps the levies later in a grotesque parody of the basic democratic principle of ‘taxation by consent’, critics say.

You might also like

Nepra hikes electricity tariff by Rs2.37 for November bills

07/11/2026

Türkish envoy urges transformation of Pakistan ties into tangible economic benefits

07/11/2026

This year, some groups had challenged the practice of imposing VAT by minister’s prerogative in Supreme Court, and the current administration was forced to backtrack and treat people in a less feudal manner.

The finance ministry revealed the onion levy in a statement on August 21, saying that the tax had come into effect from the midnight of August 19.  The finance ministry said 12,000 tonnes of large onions (Bombay onions) are imported every month and domestic farmers are expected to harvest about 50,000 tonnes in the next few months.

The tax was raised to ‘protect’ the farmers. Unlike farmers in other South Asian countries, Sri Lanka’s onion, potato or rice famers cannot produce food either to the quality or price demanded in export markets, and what would be an exportable surplus (earning foreign exchange) in India or Pakistan is simply a phenomenon to that pushes up food costs for the hungry.

Related Stories

Nepra hikes electricity tariff by Rs2.37 for November bills

byCT Report
07/11/2026

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved Rs2.37 per unit hike in electricity tariff under the monthly...

Türkish envoy urges transformation of Pakistan ties into tangible economic benefits

byCT Report
07/11/2026

ISLAMABAD: Ambassador of the Republic of Türkiye to Pakistan, Dr. İrfan Neziroğlu, has called for transforming the longstanding brotherly relations...

Gilgit-Baltistan launches online system for tax exemptions on Chinese imports

byCT Report
07/11/2026

GILGIT: Gilgit-Baltistan Chief Minister Amjad Hussain Azar has launched an online registration system allowing local traders to apply for tax...

Pakistan warns of AI cyberattacks on banks, power networks

byCT Report
07/11/2026

ISLAMABAD: The threat of artificial intelligence (AI)-powered cyberattacks against Pakistan’s financial institutions and critical infrastructure is increasing, prompting the National...

Next Post

Five Sri Lankan IT companies to start work in Japan

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.