Regulatory Alerts2018-10-11 | Circular No. 02 of 2018Margin Requirements Against Imports on Documents Against Acceptance (DA) Terms
The Central Bank of Sri Lanka requires licensed commercial banks to impose a 100 percent cash margin on the total invoiced value of imports under Documents Against Acceptance (DA) terms for listed non-essential consumer goods. Importers must place this deposit upon document acceptance, and banks are prohibited from granting loan facilities to cover it while mandating invoice endorsement and proof of banking-channel payment for release. Implemented immediately, this directive aims to restrict import volumes and stabilize the national exchange rate by applying uniform margin rules across specified Harmonized System categories.
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