Margin Requirements Against Imports on Documents Against Acceptance (DA) Terms

CENTRAL BANK OF SRI LANKA
BANK SUPERVISION DEPARTMENT
11 October 2018 CIRCULAR No.02 of 2018 MARGIN REQUIREMENTS AGAINST IMPORTS ON DOCUMENTS AGAINST ACCEPTANCE (DA) TERMS The Central Bank of Sri Lanka with a view to curtailing imports and the adverse impact on the exchange rate requires licensed commercial banks to adopt the following measures on imports under DA terms with immediate effect.

1. A 100 per cent cash margin on the invoiced value of the imports under DA terms for
   items specified in Annex I, shall be placed by the importer at the bank that releases documents, at the time of acceptance of documents by the importer.
2. The 100 per cent cash margin requirement shall be on the total value of the invoice,
   regardless that the same invoice includes items which are not subject to the margin requirement.
3. Licensed commercial banks shall endorse the invoice to the effect that the margin
   deposit has been obtained.
4. The margin deposit shall be released on the production of documentary evidence
   payments through the banking channels in Sri Lanka and customs documents clearance of impofis.
5. Licensed commercial banks shall not grant any loan facilities to enable importers to
   place the margin deposits in respect of these imports. il, ; A A M Thassim Director of Bank Supervision or of

Annex I
Non-Essential Consumer Goods
HS Hdg
33.03
HS Code
3303.00.00
Description
Perfumes and toilet waters
3303.00.10 Perfumes
Toilet waters
3303.00.21 Baby cologne conforming to SLS 589 and containing alcohol
not less than 55o/o and not more than 650/o bv vlv
3303.00.22 Other colognes containing alcohol not less than 50o/o and not
more than 9Uo/oby vlv
3303.00.29 Other
33.07 Pre-shave, shaving or after-shave preparations, personal
deodorants, bath preparations, depilatories and other perfumery, cosmetic or toilet preparations not elsewhere specified or included; prepared room deodorisers, whether or not perfumed or having disinfectant properties
3307.10.00 Pre-shave, shaving or after-shave preparations
3307.20.00 Personal deodorants and antiperspirants
3307.30.00 Perfumed bath salts and other bath preparations
Preparations for perfuming or deodorizing rooms, including odoriferous preparations used during religious rites :
3307.41.00 "Agarbatti" and other odoriferous preparations which operate
by buming
3307.49.00 Other
3307.90.00 Other:
3307.90.10 Contact lens solutions
3307.90.90 Other
40.11 New pneumatic tyres, of rubber
(+)
4011.10.00 Of a kind used on motor cars (including station wagons and
racing cars)
401 1.20.00 Of a kind used on buses or lorries :
Having a rim size 20 inches and above :
4011.20.11 Tyre casing without markings

4011.20.19 Other
4011.20.90 Other
4011.30.00 Of a kind used on aircraft
401 1.40.00 Of a kind used on motorcycles 401 1.50.00 Of a kind used on bicycles 401 1.70.00 Of a kind used on agricultural or forestry vehicles and machines
4011.80.00 Of a kind used on construction, mining or industrial handling
vehicles and machines :
401 1.80.10 Having a rim size not exceeding 6l cm 401 1.80.90 Having a rim size exceeding 61 cm 401 1.90.00 Other:
4011.90.10 Of a kind used on auto trishaws
401 1.90.90 Other
Other footwear with outer soles and uppers of rubber or plastics 64.02 Sports footwear
6402.12.00 Ski-boots, cross-country ski footwear and snowboardboots
6402.t9.00 Other:
6402.t9.t0 Football shoes and rugby shoes 6402.t9.19 Other
6402.20.00 Footwear with upper straps or thongs assembled to the sole
by means of plugs
Other footwear
6402.91.00 Covering the ankle
64.03
6402.99.00 Other
Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather Sporls footwear:
6403.12.00 Ski-boots, cross-country ski footwear and snowboard boots
6403.19.00 Other:
6403.1 9.1 0 Football shoes, rugby shoes
6403.t9.t9 Other
6403.20.00 Footwear with outer soles of leather, and uppers which
consist ofleather straps across the instep and around the big toe

6403.40.00 Other footwear, incorporating a protective metal toe-cap
Other footwear with outer soles of leather :
6403.51.00 Covering the ankle
6403.59.00 Other
Other footwear :
6403.91.00 Covering the ankle
64.04
6403.99.00 Other
Footwear with outer soles of rubber, plasticso leather or composition leather and uppers of textile materials Footwear with outer soles of rubber or plastics :
6404.1t.00 Sports footwear; tennis shoes, basketball shoes, gym shoes, training shoes and the like 6404.t9.00 Other 64.05
6404.20.00 Footwear with outer soles of leather or composition leather
Other footwear
640s. 1 0.00 With uppers of leather or composition leather
6405.20.00 With uppers of textile materials
6405.90.00 Other
84.15
Air Conditioningl machirresr, pBmprisifrg a ,motor,4riv lfran iand etrements f,or,:changipg thertemp,4iature and'hurnidity, incfuding thoseitrhc[iines in which the humidtff ea$p.e separately regulated(+) ', r,. "r'i';' i ' ; 841s.10.00 Of a kind designed to be fixed to a window, wall, ceiling or floor, self-contained or "split systetn" :
8415.10.10 Used i reconditioned
"Split systern"
8415.10.21 Of a capacity not exceeding 9,000 BTU
84ts.t0.22 Of a capacity exceeding 9,000 BTU and not exceeding 12,000 BTU
8415.10.23 Of a capacity exceeding 12,000 BTU and not exceeding
18,000 BTU
8415.t0.24 Of a capacity exceeding 18,000 BTU and not exceeding 24,000 BTU 841 5. 10.25 Of a capacity exceeding 24,000 BTU and not exceeding 30,000 BTU

8415.10.29 Other
Self-contained:
8415.10.31 Of a capacity not exceeding 9,000 BTU
8415.t0.32 Of a capacity exceeding 9,000 BTU and not exceeding 12p00 BTU 841 5. 10.33 Of a capacity exceeding 12,000 BTU and not exceeding 18,000 BTU
8415.10.34 Of a capacity exceeding 18,000 BTU and not exceeding
24,000 BTU
8415.10.35 Of a capacity exceeding 24,000 BTU and not e*ceeding
30,000 BTU
8415.10.39 Other
8415.20.00 Of a kind used for persons, in motor vehicles :
84 1 5.20. 10 Used / reconditioned
8415.20.90 Other
Other:
8415.81.00 Incorporating a refrigerating unit and a valve for r"rersal of
the cooling/heat cycle (reversible heat pumps) :
841s.81.r0 Used / reconditioned
8415.81.90 Other
8415.82.00 Other, incorporating a refrigerating unit
8415.82.10 Used / reconditioned
841s.82.90 Other
8415.83.00 Not incorporating a refrigerating unit
8415.83.10 Used / reconditioned
841s.83.90 Other
8415.90.00 Parts:
8415.90.10 Outdoor units of split type air conditioning machines:
8415.90.1 I Used / reconditioned
8415.90.19 Other
8415.90.20 Indoor units of split type air conditioning machines:
8415.90.21 Used / reconditioned
8415.90.29 Other
8415.90.90 Other

84.18
Refrigerators, freezers and other refrigerating or freezing equipment, electric or otherl heat pumps other than air conditioning machines of heading 84.15 I t;,, l .', ,r,' ,r t li'r,i
8418.10.00 Combined refrigerator-freezers, fitted with separate external
doors :
84 1 8.1 0.1 0 Used / reconditioned 841 8.10.90 Other Refrigerators, household type :
841 8.21.00 Compression-type :
8418.21.10 Used / reconditioned
8418.21.90 Other
8418.29.00 Other:
8418.29.10 Used / reconditioned absorption-type, electrical
8418.29.20 Other absorption-type, electrical
8418.29.30 Other used / reconditioned
8418.29.90 C)ther
8418.30.00 Freezers ofthe chest type, not exceeding 800 I capacity :
8418.30.10 Not exceeding 566 I used / reconditioned
8418.30.20 Other, not exceeding 566 I
8418.30.30 Other, used / reconditioned
8418.30.90 Other
8418.40.00 Freezers ofthe upright type, not exceeding 900 1 capacity :
8418.40.10 Not exceedin g 566 1 used / reconditioned
8418.40.20 Other, not exceeding 566 I
8418.40.30 Other, used / reconditioned
8418.40.90 Other
8418.s0.00 Other furrriture (chests, cabinets, display counters, show-cases and the like) for storage and display, incorporating refrigerating or freezing equipment :
8418.50.10 Used / reconditioned
8418.50.90 Other
Other refrigerating or freezing equipment; heat pumps :
841 8.61 .00 Heat pumps other than air conditioning machines of heading
84.1 5
8418.69.00 Other:
8418.69.10 Cabinet and chest type refrigerators exceeding 566 I and
below 850 1 used/ reconditioned

8418.69.20 Other, cabinet and chest type refrigerators exceeding 566 I and
below 850 I
8418.69.30 Blast-freezers for preserving poultry meat used/ reconditioned
8418.69.40 Other, blast-freezers for preserving poultry meat
8418.69.50 Milk chilling tanks used/ reconditioned
8418.69.60 Other, milk chilling tanks
8418.69.70 Other, used/ re-conditioned
8418.69.90 Other
Parts :
8418.91.00 Fumiture designed to receive refrigerating or freezing
equipment:
8418.91.10 Cabinets for refri gerators
8418.91.20 Other cabinets
8418.91.90 Other
8418.99.00 OtheI
85.17
Telephone sets, including telephones for cellular networks or for other wireless networks :
8517.1 1.00 Line telephone sets with cordless handsets
8517.12.00 Telephones for cellular networks or for other wireless networks
85 I 7.1 2.10 Used / reconditioned cellular mobile telephones 8517.t2.20 Other, cellular mobile telephones 8517.t2.90 Other
8517.18.00 Other
Other apparatus for transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a local or wide area network) :
8517.61.00 Base stations

8517.62.00 Machines for the reception, conversion and transmission or
regeneration ofvoice, images or other data, including switching and routing apparatus :
8st7.62.10 Transmission apparatus with or without reception apparatus 85t7.62.90 Other
8517.69.00 Other
8517.70.00 Parls
Monitors and projecto,rs, not incorporltilg teffiion;, ', recrcption appar:atus; reception rpparatus for teleVisiOn; I whether or not incorporating ra.{io roadcast receivels or sbund or,video recordihg or reproducing:appaiatusr, i r;'r; 85.28 Cathode-ray tube monitors :
8528.42.00 Capable of directly connecting to and designed for use with
an automatic data processing machine of heading 84.71 8s28.49.00 Other:
8528.49.10 Used / reconditioned
8s28.49.90 Other
Other monitors :
8s28.s2.00 Capable of directly connecting to designed for use with an automatic data processing machine of heading 84.71 8s28.s9.00 Other:
8528.59.10 Used / reconditioned
8s28.59.90 Other
Projectors :
8528.62.00 Capable of directly connecting to designed for use with an
automatic data processing machine of heading 84.71
8528.69.00 Other
Reception apparatus for television, whether or not incorporating radio- broadcast receivers or sound or video recording or reproducing apparatus :
8528.71.00 Not designed to incorporate a video display
or screen :
8528.71 .10 Used / reconditioned
8528.71.20 Other, colour
8528.71 .90 C)ther
8528.72.00 Other. colour

8528.72.10 Unassembled in completely knocked- down
form
8s28.72.20 Used / reconditioned
Other, with cathode ray tube :
8528.72.31 Having a screen of less tban 14 inches
8528.72.32 Having a screen of 14 inches and not exceeding 15 inches
8528.72.33 Having a screen ofexceeding 15 inches and not exceeding 2l
inches
8528.72.34 Having a screen of exceeding 2l inches and not exceeding 25
inches
8s28.72.35 Having a screen ofexceeding 25 inches and not exceeding 29 inches
8528.72.36 Having a screen ofexceeding 29 inches and not exceeding 34
inches
8528.72.39 Other
Other, with LCD :
8528.72.41 Having a screen ofnot exceeding 32 inches
8s28.72.49 Other
Other :
8528.72.91 Having a screen ofnot exceeding 32 inches
8528.72.99 Other
8s28.73.00 Other, monochrome :
8528.73.10 Used / reconditioned and completely knocked-down with or
without cathode ray tube
8s28.73.20 Other, completely knocked-down with or without cathode ray tube 8s28.73.30 Other, used / reconditioned 8s28.73.90 Other Machines, each of a dry linen capacity not exceeding 10 kg :
84s0.1 1.00 Fully-automatic machines :
8450.1 r.10 Unassembled in completely knocked-down form
8450.1 1.20 Used / reconditioned
Other, top loading:
84s0.1 1.31 Of a dry linen capacity less than 4 kg 84s0.11.32 Of a dry linen capacity exceeding 4 kg and not exceeding 5.5 kg

8450.1 1.33 Of a dry linen capacity exceeding 5.5 kg and not exceeding
7.5 kg
8450.1 1.34 Of a dry linen capacity exceeding 7.5 kg and not exceeding
9.5 kg
84s0.1 1.39 Other
Other, front loading :
8450.1 l.4l Of a dry linen capacity less than 4 kg
8450.tl.42 Of a dry linen capacity exceeding 4 kg and not exceeding 5.5 kg 84s0.1 1.43 Of a dry linen capacity exceeding 5.5 kg and not exceeding
7.5 kg
8450.11.44 Of a dry linen capacity exceeding 7.5 kg and not exceeding
9.5 kg
8450.fi.49 Other
8450.12.00 Other rrachines, with built-in centrifugal drier :
8450.1 2. I 0 Unassembled in completely knocked-down form
84s0.12.20 Used / reconditioned
Other:
84s0.t2.31 Of a dry linen capacity less than 4 kg
8450.12.32 Of a dry linen capacity exceeding 4 kg and not exceeding 5.5
kg
84s0.12.33 Of a dry linen capacity exceeding 5.5 kg and not exceeding
7.5 kg
84s0.12.34 Of a dry linen capacity exceeding 7.5 kg and not exceeding
9.5 kg
8450.12.39 Other
84s0.19.00 Other:
8450.19.10 Unassembled in completely knocked-down form
84s0.19.20 Used / reconditioned
Other
84s0.19.31 Of a dry linen capacity less than 4 kg
8450.19.32 Of a dry linen capacity exceeding 4 kg and not exceeding 5.5
kg
8450.19.33 Ofa dry linen capacity exceeding 5.5 kg and not exceeding
7.5 kg
8450.t9.34 Of a dry linen capacity exceeding 7.5 kg and not exceeding
9.5 kg
8450.19.39 Other
8450.20.00 Machines, each of a dry linen capacity exceeding l0 kg
8450.90.00 Parts