Cabinet approval has been granted to amend the Tea promotion levy as set out by the Sri Lanka Tea Board Law to Rs 3 from Rs 3.5.
According to a cabinet proposal by Minister Navin Dissanayake, the tax imposed on exported tea has resulted in extra cost to be borne by exporters.
The proposal which would amend the Tea Board Law will be gazetted before being tabled in Parliament.
However, the other direct and indirect taxes will be imposed as usual.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
Read these and more on tomorrow’s edition of the Sunday Times
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