Taxes removed on gold imports

With effect from March 1, 2010, all taxes and other levies applicable on gold imports have been removed said a comminique from the Central Bank of Sri Lanka.

The bank also said removal of all applicable import taxes and other levies on gold imports will reduce the gold prices in the market and contribute to promote gold and jewellery industry in the country.

Accordingly, commercial banks and other authorized persons can now increase their gold imports to meet the industry requirements.