RegAlertRule · CBSL · 17 Feb 2023 · Banking Act Direction No. 02 of 2023
Amendment 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.
MONETARY BOARD
CENTRAL BANK OF SRI LANKA 17 February 2023 BANKING ACT DIRECTIONS No. 02 of 2023
AMENDMENT TO THE BANKING ACT DIRECTIONS NO 03 OF 2022 ON MARGIN REQUIREMENTS AGAINST IMPORTS
Issued in terms of the powers conferred by Sections 46(1) and 76(J)(1) of the Banking Act No. 30 of 1988, as amended.
The provisions of the Banking Act Directions No 03 of 2022 on Margin Requirements Against Imports shall be applicable to the newly added 64 HS Codes specified in Annex I, with immediate effect.
The existing list of the HS Codes subject to Margin Requirement remains unchanged.
(Signature)
Dr. P Nandalal Weerasinghe Chairman of the Monetary Board and Governor of the Central Bank of Sri Lanka
*
Annex 1
| No | New HS code |
|---|---|
| 1 | 040320 |
| 2 | 570321 |
| 3 | 570329 |
| 4 | 570331 |
| 5 | 570339 |
| 6 | 620120 |
| 7 | 620130 |
| 8 | 620140 |
| 9 | 620190 |
| 10 | 620220 |
| 11 | 620230 |
| 12 | 620240 |
| 13 | 620290 |
| 14 | 85171310 |
| 15 | 85171390 |
| 16 | 85171410 |
| 17 | 85171490 |
| 18 | 852581 (except for television cameras) |
| 19 | 852582 (except for television cameras) |
| 20 | 852583 (except for television cameras) |
| No | New HS code |
|---|---|
| 21 | 852589 (except for television cameras) |
| 22 | 853951 |
| 23 | 853952 |
| 24 | 94013190 |
| 25 | 94013990 |
| 26 | 94019190 |
| 27 | 94019990 |
| 28 | 94039190 |
| 29 | 94039990 |
| 30 | 94051110 |
| 31 | 94051190 |
| 32 | 94051910 |
| 33 | 94051990 |
| 34 | 94052110 |
| 35 | 94052190 |
| 36 | 94052910 |
| 37 | 94052990 |
| 38 | 940531 |
| 39 | 940539 |
| 40 | 94054110 |
| 41 | 94054120 |
| 42 | 94054130 |
| No | New HS code |
|---|---|
| 43 | 94054190 |
| 44 | 94054210 |
| 45 | 94054220 |
| 46 | 94054290 |
| 47 | 94054910 |
| 48 | 94054920 |
| 49 | 94054930 |
| 50 | 94054990 |
| 51 | 94055010 |
| 52 | 94055020 |
| 53 | 94055090 |
| 54 | 940561 |
| 55 | 940569 |
| 56 | 950821 |
| 57 | 950822 |
| 58 | 950823 |
| 59 | 950824 |
| 60 | 950825 |
| 61 | 950826 |
| 62 | 950829 |
| 63 | 950830 |
| 64 | 950840 |
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Lineage: Superseded
A newer document in RegAlert replaces this one.
The links and the sentences they come from (2)
- Superseded by
- Margin Requirements Against Imports2023 · CBSL
“Banking Act Directions No. 02 of 2023 dated 17 February 2023 on Amendment to the Banking Act Directions No. 03 of 2022 on Margin Requirements Against Imports are hereby revoked with immediate effect.”
- Amends
- Banking Act Directions No 03 of 2022 on Margin Requirements Against ImportsNot in RegAlert
“The provisions of the Banking Act Directions No 03 of 2022 on Margin Requirements Against Imports shall be applicable to the newly added 64 HS Codes specified in Annex I, with immediate effect.”
Similar documents from other regulators
BBBRPD Circular Letter No. 14: L/C Margin on Import FinancingBangladesh · 2022-05-10
More like this from CBSL
We email you every new CBSL publication the day it's published.
Source: Central Bank of Sri Lanka — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated
FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.