Gazette banning imports, amended
The Finance Ministry has amended a gazette notification issued in August, in order to allow imports of a number of items including perfumes, limestone, GI pipes and all plastic items, bathroom ware and accessories.
Imports are also allowed for essential raw materials or intermediate goods that are not required for products manufactured locally with at least 20% local value addition and that cannot be adequately sourced locally.
In addition, this new amendment has allowed the importation of certain capital goods required for local industries, goods that cannot be procured locally for the fishing industry and vehicles and spare parts required by international manufacturing companies abroad. The import of goods essential for the public sector or essential for government projects is also allowed.
Earlier, the Finance Ministry issued an extraordinary gazette notice to ban the importation of items belonging to over 30 categories from August 23.
