Hirunews Logo
Government+Slashes+Tax+On+Raw+Rubber+Exports
Wednesday, 18 May 2016 - 13:19
Government Slashes Tax On Raw Rubber Exports
35

Shares
4,249

Views

The Cabinet on Wednesday has approved the reduction of cess levy on raw rubber exports to four rupees a kilo from 15 rupees to help cultivators get better prices by increasing competition between shippers and domestic industry, a spokesman said.

Media Minister Gayantha Karunatillake said about 80% of natural rubber grown in the island is consumed by domestic industrialists and the rest exported.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE