The 30 per cent fuel
adjustment tax, imposed on industrialists last year and deferred till
November this year, is to be re-introduced, Ceylon Electricity Board
sources said.When the tax was first imposed last year, the CEB said
it was necessary because thermal power generation accounted for about 65
per cent of electricity.
Industrialists protested against the tax when it was first
introduced, stating it would increase their VAT charges by a further 30
per cent and industries would face the threat of closure.
The protests made the government to defer the tax till this month.
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