AreaSri Lanka

Commodity GroupRice

CommodityAll

Date21/05/2020

Policy CategoryTrade

Policy InstrumentFinance and credit facilities, import restrictions

DescriptionAmended the import control regulations issues on 16 April 2020, specifying that the import suspension of husked/semi-wholly milled and broken rice, along with other products, under Letters of Credits, Documents against Acceptance, Documents against Payment, Advance payments, or a combination of these, would be applicable to goods loaded at point of origin at a date not exceeding 90 days from 16 April 2020. Successively and with exceptions stipulated, the terms of the import suspension were rendered effective for products loaded from 17 July 2020 and until further notice, in addition to semi/wholly milled basmati rice being added to the schedule of products that may be imported on a minimum 90-day deferred payment basis.