{"id":72161,"date":"2021-03-10T15:25:46","date_gmt":"2021-03-10T20:25:46","guid":{"rendered":"http:\/\/dbsjeyaraj.com\/dbsj\/?p=72161"},"modified":"2021-03-10T15:27:19","modified_gmt":"2021-03-10T20:27:19","slug":"sudden-reduction-of-special-commodity-levy-for-sugar-from-rs-50-to-0-23-cents-per-kg-results-in-15-6-billion-rupee-loss-for-treasuryunp-demands-govt-probe-into-sugar-scam-exceeding-2015-treasury-bon","status":"publish","type":"post","link":"https:\/\/dbsjeyaraj.com\/dbsj\/?p=72161","title":{"rendered":"Sudden Reduction of Special Commodity Levy for Sugar from Rs 50 to 0.25 Cents per KG Results in  15.6 Billion Rupee Loss for Treasury:UNP Demands Govt Probe Into Sugar Scam Exceeding 2015 Treasury Bond Scam and Divulge Names of Importer andPowerful  Persons in Govt Allegedly Responsible"},"content":{"rendered":"<p><strong>United National Party (UNP) member Palitha Range Bandara yesterday urged the Government to investigate the Rs. 16 billion tax loss due to the reduction of the Special Commodity Levy and reveal to the public who profited from the racket. <\/strong><\/p>\n<p>The former Parliamentarian made the comments at a press conference held at Sirikotha. <\/p>\n<p>\u201cThe Government\u2019s decision to suddenly reduce the tax on sugar from Rs. 50 per Kg to Rs.0.25 was not reflected in market prices. No relief was felt by the consumer. We now learn that it has cost the Government Rs. 15.9 billion in losses. So, who profited from this scam?\u201d Bandara questioned, pointing that the loss to the Treasury was more than what was lost during the 2015 bond scam. <\/p>\n<p><!--more--><\/p>\n<p>\u201cThis move was to let one trading company make profits. Other importers could not import sugar under the tax reduction. So, they did not sell sugar at the designated price. The price of sugar did not fall in the market. As a result, the public suffered and the Government lost valuable income. What happened was that a company made unethical profits and it is clear that someone in the Government also profited from this scam,\u201d he charged. <\/p>\n<p>Bandara said that the UNP believed that the sudden reduction in the sugar tax was done intentionally to give one importer the opportunity to make unfair profits due to political connections. <\/p>\n<p>\u201cWe call on the Government to be transparent in this matter. The Government must investigate this scam and expose those who benefited from it.\u201d<\/p>\n<p><em>Courtesy:Daily FT<\/em><\/p>\n<div id=\"tweetbutton72161\" class=\"tw_button\" style=\"float:right;margin-left:10px;\"><a href=\"http:\/\/twitter.com\/share?url=https%3A%2F%2Fdbsjeyaraj.com%2Fdbsj%2F%3Fp%3D72161&amp;text=Sudden%20Reduction%20of%20Special%20Commodity%20Levy%20for%20Sugar%20from%20Rs%2050%20to%200.25%20Cents%20per%20KG%20Results%20in%20%2015.6%20Billion...%20&amp;related=&amp;lang=en&amp;count=horizontal\" class=\"twitter-share-button\"  style=\"width:55px;height:22px;background:transparent url('https:\/\/dbsjeyaraj.com\/dbsj\/wp-content\/plugins\/wp-tweet-button\/tweetn.png') no-repeat  0 0;text-align:left;text-indent:-9999px;display:block;\">Tweet<\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>United National Party (UNP) member Palitha Range Bandara yesterday urged the Government to investigate the Rs. 16 billion tax loss due to the reduction of the Special Commodity Levy and reveal to the public who profited from the racket. The former Parliamentarian made the comments at a press conference held at Sirikotha. \u201cThe Government\u2019s decision &#8230;<\/p>\n<p><a href=\"https:\/\/dbsjeyaraj.com\/dbsj\/?p=72161\" class=\"more-link\">Continue reading &lsquo;Sudden Reduction of Special Commodity Levy for Sugar from Rs 50 to 0.25 Cents per KG Results in  15.6 Billion Rupee Loss for Treasury:UNP Demands Govt Probe Into Sugar Scam Exceeding 2015 Treasury Bond Scam and Divulge Names of Importer andPowerful  Persons in Govt Allegedly Responsible&rsquo; &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/72161"}],"collection":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72161"}],"version-history":[{"count":2,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/72161\/revisions"}],"predecessor-version":[{"id":72163,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=\/wp\/v2\/posts\/72161\/revisions\/72163"}],"wp:attachment":[{"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dbsjeyaraj.com\/dbsj\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}