President allows import and re-export of spices with new gazette notification

Date:

March 11, Colombo (LNW): President Ranil Wickremesinghe in his capacity as the Minister of Finance has issued a gazette notification authorising the import and re-export of various spices, including pepper, ginger, nutmeg, and turmeric.

The gazette announcement outlines that pepper, nutmeg, mace, cardamom, ginger, turmeric, and other spices may be imported with the approval of the Controller General of Imports and Exports.

Importers are required to add a minimum local value of 35 per cent before re-exporting the spices.

Share post:

spot_imgspot_img

Popular

More like this
Related

Regulatory Uncertainty Threatens Foreign Investments amid Economic Fragility

Sri Lanka’s fragile investment recovery faces renewed pressure as...

Cyclone Shock Exposes Power Sector Fault Lines, CBSL Warns

The aftermath of Cyclone Ditwah did more than replenish...

Cyclone Ditwah Exposes Economic Fragility amid Policy Paralysis

Sri Lanka’s post-crisis economic recovery suffered a severe reversal...

China Pumps Millions into Colombo Port City as Policy Chaos Looms

China Harbour Engineering Company (CHEC) has doubled down on...