Sri Lanka allows imports of electric vehicles with an expatriate work permit

ECONOMYNEXT – Sri Lankan President Ranil Wickremesinghe has allowed the import of electric vehicles on a permit issued to foreign workers, in a notice published in the Official Gazette under the country’s Import Control Act.

Sri Lankan Foreign Employment Minister Manusha Nanayakkara 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 with 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, 8704.90.871 or 8704.9041 or 8704.9041 .10 would be permitted on a Vehicle Import Permit.

A letter of credit must be opened before importation. The settlement will end on December 31.

An authorized agent will also be allowed to import three samples of their vehicles.

Sri Lanka passed an import control law in 1969 after economists printed money mainly for rural credit, undermining Prime Minister Dudley Senanayake’s free trade agenda.

Economists printed money despite BR Shenoy, who was hired by JR Jayewardena, a top classical economist, urging the central bank not to. (Colombo/September 28, 2022)

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