Sri Lanka Waiving Duties on Imports That Meet Investment Condition
Sri Lanka will waive duties on goods imported by companies or projects “representing an investment” of at least $50 million in the country, the Hong Kong Trade Development Council reported May 25. The measure, retroactive to March 6, 2019, will…
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cover imported construction materials, machinery and other goods, HKTDC said. It isn’t yet clear how companies receive a refund for import duties paid since March 6, 2019.