Cement prices to go down by Rs. 100

 A bag of cement will be reduced by Rs. 100 due to the reduction of the prevailing CESS tax on cement, the Ministry of Finance said.

 

The order presented by officials of the Ministry of Finance to reduce the prevailing CESS tax on cement received approval from the Committee on Public Finance and accordingly,a bag of cement will decrease by approximately Rs. 100.

 

The Communications Department of Parliament said matters related to the reduction of CESS tax were discussed when the Committee on Public Finance, chaired by MP Harsha de Silva met in Parliament recently.