The government has decided to allow the re-export of spices such as pepper, ginger, turmeric, nutmeg, mace and cardamom.
According to a decision given by the Cabinet to issue related import licences under the Import and Export Control Regulations, the import of these spices has been permitted subject to the approval of the Import and Export Controller General.
The Finance Ministry states that after adding a minimum value of 35 percent locally for the imported materials, permission is granted for their re-export.
Effective from January 1,2023, the importation of these items to Sri Lanka was prohibited and according to the memorandum presented by the Investment Promotion Minister on December 6 last year, the Finance Ministry has given permission to import selected spices for re-exportation purposes.
The Finance Ministry further mentions that the permission to import relevant materials for re-exportation is granted only to businessmen who are approved on the recommendations of the Board of Investment and the final decision-making power related to the issuance of licences has been assigned to the Imports and Exports Controller General.
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