Regulatory Alerts2023-02-17 | Banking Act Direction No. 02 of 2023Amendment to the Banking Act Directions No. 03 of 2022 on Margin Requirements Against Imports
The Central Bank of Sri Lanka issued Banking Act Directions No. 02 of 2023 to amend existing margin requirements for imports, effective immediately. The directive extends these margin obligations to sixty-four newly designated Harmonized System codes detailed in Annex I, while leaving the existing list unchanged. Importers must now comply with the updated margin thresholds for these specific goods upon their entry into force.
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