Sri Lanka Imposed 10%Tax On All Gold Imports.

Sri Lankan Government has decided to impose 10% tax on all Gold imports with immediate effect according to government sources.government has imposed 5% customs duty and 5% surcharge on Gold Imports sources revealed.

The main reasons behind this decision are recent increase in gold imports ,the increase in smuggling gold to Sri Lanka illegally  and due to tax imposed  by India on gold imports government sources added.recently Sri Lankan Air Port Customs arrested several people who smuggled gold in to the country.

Before imposing the tax a 24 carrot gold was sold at Rs.47,000 and now the price stands at rs.4000-5000 more sources said.