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

New Fiscal Regime Forces Major Consolidation of State Funds

New Fiscal Regime Forces Major Consolidation of State Funds

Sri Lanka Revamps Foreign Aid Policy to Drive Climate-Resilient Growth

Sri Lanka Revamps Foreign Aid Policy to Drive Climate-Resilient Growth

Senior Savers Squeezed: 10 percent WHT Drains Life Savings

Senior Savers Squeezed: 10 percent WHT Drains Life Savings

Surge in Vehicle Imports Drains Sri Lanka’s Dollar Reserves

Surge in Vehicle Imports Drains Sri Lanka’s Dollar Reserves