A gazette notification has been issued permitting the imports of tiles, several raw materials, and equipment needed for the construction industry under certain conditions.
The gazette has been issued by President Ranil Wickremesinghe in his capacity as the Minister of Finance relaxing certain import restrictions.
Accordingly, raw material, equipment and machinery needed for condominium projects, mix-development projects, government projects other than projects linked to the Board of Investments will be permitted to import.
However, such materials should not be imported to re-sell under any circumstance. Importation will be subject to Letters of Credit issued for 180 days and will require permission from the Import and Export Controller, Treasury Secretary, and the Minister of Finance.