Sri Lanka increases excise duty on cigarettes and liquor: Finance Ministry

cigarette

Oct 03, 2015 (LBO) – Sri Lanka government has increased the excise duty on cigarettes and liquor with effect from Saturday (03), the ministry of finance said in a release.

The Excise duty on Molasses and Coconut arrack has been increased by 110 rupees from 1485 rupees per proof liter.

Accordingly the prices of a bottle of Arrack may be increased by 60 rupees, the release said.

The excise duty of country made foreign liquor increased by 160 rupees from 1700 rupees per proof liter. The ministry says accordingly the price of a bottle of such foreign liquor will be increased by 125 rupees.

The excise duty on soft beer which contains an alcohol strength less than five percent increased by 40 rupees per liter from 150 rupees. The other beer which contains the alcohol strength of more than five percent will be increased by 60 rupees from 185 rupees. Accordingly the price of 625 ml beer bottle of less than 5 percent alcohol will be increased by 25 rupees while the beer which has the alcohol strength of more than 5 percent will be increased by 50 rupees.

The excise duty on 1000 cigarettes of JPGP  variety (Gold Leaf) has been increased from 21610 rupees to 23750 rupees. This is a 2140 rupee increment.

The ministry says with the new increase, the price of  a Gold Leaf cigarette has been increased by three rupees.