INSUBCONTINENT EXCLUSIVE:
The import of over 300 items has been temporarily suspended with effect from today (August 23) under the Import and Export Control Act
through a government notification by the Finance Ministry.The regulation has been issued by has been issued by President Ranil
Wickremesinghe, in his capacity as the Minister of Finance, Economic Stabilization and National Policies, in terms of the powers vested in
him by Section 20 of the Imports and Exports (Control) Act, No
1 of 1969.Cited as the "Imports and Exports (Control) Regulations No
13 of 2022", it temporarily suspends the importation of items listed under 305 HS Codes, effective from August 23 and effective until
Lading / Airway Bill on or before August 23, 2022 and which arrived at any sea ports or airports in Sri Lanka on or before September 14,
in the these Regulations, by any enterprises / operators, approved under the Temporary Importation for Export Purposes (TIEP) Scheme of the
Sri Lanka Customs or any enterprises approved under Section 17 of the Board of Investment of Sri Lanka (BOI) Act.It further states that
importation of any goods, specified in these Regulations, by any approved enterprises for processing and re-export purposes may be allowed
by the Controller General of Imports and Exports Control on recommendation of the Secretary, Ministry of Industries or Director General,
Export Development Board of Sri Lanka, case by case basis.The host of items included in the list range from chocolate and other food
preparations containing cocoa, condensed milk, yogurt, coconuts, Coconut base arrack, roses to perfumes, beauty or make-up preparations,
This article first appeared/also appeared in https://adaderana.lk
