Sri Lanka removes permit / license system on 369 imports

COLOMBO (News 1st); Sri Lanka has decided to relax import restrictions that it imposed on 369 items with effect from the 1st of June 2022.

Accordingly, a total of 369 HS Codes, which were regulated can be imported without Import Control License effective from June 01, 2022 subject to applicable rules and regulations including duties and taxes at the time of Customs clearance of cargos / consignments.

The Finance Ministry has also decided to permit open account imports until June 07th 2022.

“Given the difficult economic situation in the country, the Ministry of Finance, Economic Stabilization and National Policies requests all stakeholders to rationalize their importation on the basis of importance and urgency to save the limited foreign exchange for the purpose of importation of essential commodities to ensure their uninterrupted supply,” the statement said.