Supreme Court to Hear Rs. 15.9 Billion Sugar Tax Loss Petition on June 27

The Supreme Court has scheduled a fundamental rights petition for June 27, seeking the recovery of Rs. 15.9 billion in alleged losses to the government. The petition concerns tax reductions on imported sugar implemented during the administration of former President Gotabaya Rajapaksa. It claims that a tax initially set at Rs. 50 per kilogram, later reduced to Rs. 0.25, did not benefit consumers and instead led to the alleged financial loss. The court, presided over by Justices Shiran Gunaratne and Sampath Abeykoon, heard preliminary submissions on June 18.