Brief on the Changes to the Import and Export (Control) Act – March 2022
Directions No. 01 of 2018 under Foreign Exchange Act, No. 12 of 2017 Directions issued to Authorized Dealers on Payments for Imports made on Advance Payment (Cash-in- Advance) Terms
We have been informed by Department of Foreign Exchange, Central Bank of Sri Lanka that, with effect from 10th of October 2018, Authorized Dealers are not permitted to release foreign exchange which involves convention of Sri Lankan Rupees for making payments for the importation of non-essential consumer goods as specified in the attached circular.
Please refer Annex I under the advance payment (Cash –in – Advance) terms.
Authorized Dealers should apprise customers on this requirement and required to comply with this direction until further notice.
Thanks
Regards
Manori Dissanayaka
For Secretary
Enc/-
Secretariat
Import Section of The Ceylon Chamber of Commerce
No. 50, Nawam Mawatha, Colombo 2, Sri Lanka
Tel Direct:+94 11 5588871, 5588898
(Gen) 2-421745-7, 5-588800
Fax:+ 94 11 2449352
E-mail: importsection@chamber.lk
Website: http://www.importsection.lk
Download Direction No 1 of 2018
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