Budget 2027 Cuts CESS on 800 Items, Speeds Up Exporter Refunds

– Manufacturers and exporters get cheaper imported inputs and faster cash flow under Budget 2027.

CESS cut: The CESS is cut by 25% on 800 items.
VAT refunds: New exporters get fast-tracked VAT refunds within six months.
BOI allowance: A 200% capital allowance applies to BOI projects.
Minerals: Tenders will be called in the mineral sector.
Fisheries: Rs. 15 billion in fishery export loans is allocated.

The Budget also introduces a Single Window system, which the PDF says will bring faster customs clearance. A cut in the SSCL tax on bunker fuel and plans for Public-Private Partnership (PPP) bids on port projects, including the Colombo West Terminal II and Logistics PPP, are also part of the package.

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