Import restriction on 1000 items to be relaxed soon

In a latest move towards relaxation of import controls imposed in March 2020 to save dollars, the Finance Ministry is considering lifting of import restrictions on around less than 1000 items from 3000 items (HS codes), State Minister of finance Shehan Semasinghe confirmed, Sunday Times reported.

“The Business Times reliably learns that electronic items including computers, mobile phones, television sets, home appliances, stationery items, food items, clothing material and garments, leather products, cosmetics, medical equipment, spare parts, raw material required for industries, agriculture equipment, bathroom fittings and ceramic tiles are among the items on which import restrictions would be relaxed” The Sunday Times report added.