Sri lanka News – Sri Lanka President Ranil Wickremesinghe has allowed electrical vehicles to imported on a permit issued for foreign employed persons, in a gazette notice issued under the country’s import control law.
Sri Lanka’s Minister of Foreign Employment Manusha Nanayakkara has said migrant workers who remit money through official channels from May 22 to December 2022 will be allowed to import an electric vehicle.
Electric vehicles of HS code numbers 8702.40.19, 8702.40.39, 8702.40.59, 8703.80.31, 8703.80.32, 8703.80.33, 8703.80.34, 8704.90.31, 8704.90.32,8704.90.33, 8704.90.34 or 8711.60.10 would be allowed in on a Vehicle Import Permit.
A letter of credit will have to be opened before import. The regulations will end on December 31.
An authorized agent will also be allowed to import three samples of their vehicles.
Sri Lanka enacted an import control law in 1969 after economists printed money mostly for rural credit, hurting then Prime Minister Dudley Senanayake free trade agenda.
Economists printed money despite BR Shenoy, who was engaged by J R Jayewardena a top classical economists urging the central bank not to do so. (Colombo/Sept28/2022)
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