Four extraordinary gazettes to Parliament | Daily News


 

Four extraordinary gazettes to Parliament

The proposal submitted by Prime Minister Mahinda Rajapaksa in his capacity as the Finance minister to present Parliament the four extra ordinary gazette notifications issued, subject to the Import and Export Control Act No 1 of 1969 Sri Lanka, Cabinet Spokesman Mass Media Minister Keheliya Rambukwella said.

He was speaking at the weekly Cabinet media briefing yesterday at the Government Information Department.

Minister Rambukwella said that a proposal on the regulation of imports and restoration of economic activities presented by President Gotabaya Rajapaksa was approved by the Cabinet in April.

"The aim of the proposal was to reduce the pressure on the foreign exchange rate caused by the Covid-l9 epidemic. The President appointed the Customs Tariff Determination Committee to propose the measures to strengthen and revitalise the national economy in line with the policy statement," the Minister said.

In accordance with the recommendations of the committee, imported goods were classified into three categories and the following three steps were taken as an interim measure to regulate imports.

1.Temporary suspension of imports of non-essential items that can be grown or produced locally, commercial goods and motor vehicles.

2.Granting permission to import selected goods on loan facility provided by suppliers or on foreign exchange free basis.

3. Granting permission to import selected goods required for local industries, agriculture, export processing and local consumption.