The Hon. Ravi Karunanayake
Ravi Karunanayake cautioned that shifting to an ad valorem duty structure could effectively freeze import duties and disadvantage locally produced coconut, palm, and other edible oils. He asked that the issue be addressed, noting that domestic producers continue to face VAT and other levies while imports may benefit from the duty structure, potentially hampering local production.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 From experience, when moving to an ad valorem structure the duty effect can freeze, creating issues for local coconut oil and palm oil. Please address this, or domestic production will be hampered, as VAT and other levies still hit locals while duty effectively freezes on imports. Kindly focus on coconut oil, palm oil and other edible oils produced locally.
Provenance
- Source
- Hansard, Thursday, 9 January 2025 ·No. 1738229262040729 ·English daily/uncorrected Hansard
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- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
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/lk/speeches/23706
Cite as: The Hon. Ravi Karunanayake. 10th Parliament, Parliament of Sri Lanka. Hansard, 9 January 2025. No. 1738229262040729. Politick, https://staging.politick.io/lk/speeches/23706