The cess levy on imported cement has been notified by the Ministry of Finance to be lowered by Rs. 01 per kilogram. This modification will go into effect on September 6, 2024.
The Minister of Investment Promotion, Ranil Wickremesinghe, worked with the Minister of Finance, Economic Stabilization, and National Policies to decide how to change the levy. Wickremesinghe has the authority to make this adjustment pursuant to Section 14 of the Sri Lanka Export Development Act, No. 40 of 1979.