IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Nov 2010 | Removal date: open ended
Still in force

Import-related non-tariff measure, nes

 On 22 November 2010, the Central Bank of Sri Lanka decided to extend the foreign currency account facility to importers of gem and/or jewelry. This facility was earlier available only to direct and indirect exporters of these items.
 
The foreign currency account facility permits a non-chequable savings or fixed deposit account and allows certain domestic and international foreign currency transactions.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

163 Precious & semi-precious stones; natural abrasives; other minerals
7102 Diamonds, whether or not worked, but not mounted or set.
710231 Unworked or simply sawn, cleaved or bruted
382 Jewellery & related articles
7102 Diamonds, whether or not worked, but not mounted or set.
710239 Other
7103 Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semi precious stones, temporarily strung for convenience of transport.
710391 Rubies, sapphires and emeralds

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