Sri Lanka waives off tax on raw materials for sanitary napkins
The price of a pack of 10 indigenously-produced sanitary napkins will now be reduced by Rs. 50-60 with these concessions, and the maximum retail price of a pack will be Rs. 260-270. The retail prices of imported finished products will be reduced by 18-19 per cent.
Customs duty of 15 per cent, cess duty of 10-15 per cent and port and airport development levy (PAL) of 10 per cent have been waived off on import of intermediate goods and five raw materials.
The value-added tax (VAT) on indigenously-manufactured sanitary napkins is nil. Importers of finished sanitary napkins also get the benefit of zero VAT, according to Sri Lankan media reports.
Fibre2Fashion News Desk (DS)