DIGITAL EDITION | TELEVION

Friday, October 7, 2022

DIGITAL EDITION | TELEVION

Friday, October 7, 2022

Duty concessions on garment imports

The Cabinet of Ministers granted approval to the resolution furnished by the Minister of Industries for granting duty concessions in regard to appliances and items not manufactured locally and coming under 19 Harmonised System (HS) codes.

Garment industry has become one of the main sectors earning foreign exchange to Sri Lanka even amidst COVID-19 pandemic circumstances.

However, due to the price hike of raw materials and the prevailing unfavourable economic environment experienced in the country, local garment manufacturers are compelled to deal with a number of challenges when importing appliances required for garment manufacturing that are not produced locally.

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