Minister of Finance, Economic and Policy Development has issued a gazette notification under the following;
- The Special Import License and Payment Regulations No. 1 of 2011 published by the Gazette Extraordinary No. 1739/3 dated January 02, 2012 is amended hereby removing the Regulation 3(1) b, 3(1) c, 11 and 12.
- Sri Lanka Customs and Commercial Banks are obliged to suspend the facilitation of importation of the items stipulated in the Schedule I under the payment term relating to Letter of Credit (LC), Documents against Acceptance (DA), Documents against Payment (DP), Advance Payment and combination of these, from April 16, 2020 to July 15, 2020.
- Commercial Banks should facilitate importation of the items stipulated in the Schedule II only with the Credit facility for three months with effect from April 16, 2020 to July 15, 2020.
- These regulations shall be effective for the item(s) set out in the Schedule I and II of the Gazette where on board date comes from April 16, 2020 to July 15, 2020.
- In special circumstances, with regard to the applicability of the above regulations shall in the interest of the national economy, Controller General of Imports and Exports may, at discretion reserve the final decision on applicability of regulations.
