SRI LANKA: Government Imposes Restrictions on 367 Non-Essential Imports
01 April 2022
Sri Lanka’s Ministry of Finance has announced import restrictions on 367 “non-essential” items, in an attempt to tackle the country’s financial crisis caused by a severe foreign exchange shortage. An extraordinary gazette notification, Imports and Exports (Control) Regulations No. 05 of 2022, issued on 9 March 2022, announced a series of temporary import restrictions, covering goods with bills of lading or airway bills dated on or after 10 March 2022. Restricted imports will be subject to taxes, license requirements or both. Importers wishing to bring in listed goods should apply for a licence from Sri Lanka’s Controller General of Imports and Exports Control.
The 367 items include cigars and tobacco; home appliances; clothing; footwear; home and sanitary ware; musical instruments; sporting goods; and hair, body and beauty products. Also restricted are a wide range of food and drink products, such as fresh fruit; fish and dairy products; cereal grains, flour, malt, and starches; chocolate and chocolate products; mineral and aerated water; along with beer, and wine and spirits.
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