Sri Lanka: Sri Lanka Introduces Special Commodity Levy on Imported Eggs
On February 20, 2023, Sri Lanka’s Minister of Finance, Economic Stabilization and National Policies issued an Extraordinary Gazette Notification, introducing a Special Commodity Levy on imported fresh eggs of fowls of the species Gallus domesticus, harmonized tariff system (HS) code 0407.21, for three months effective from February 21, 2023. This new regulation has now been extended for an additional three months, effective May 21, 2023. As per the new regulation, an imported egg is subjected to LKR 50.00 (~$0.16) levy. However, this levy is reduced to LKR 1.00 (~$0.003) for the eggs imported by the Sri Lanka State Trading (General) Corporation on the recommendation of the Secretary, Ministry of Trade, Commerce and Food Security. The new regulation discourages egg imports by other parties.