Sri Lanka Decides to Cancel the Import Duty on Gold

[2010-03-19 10:23:33]


Recently, Sri Lanka Central Bank officially announced that they had cancelled the import duty on gold since March 1. The purpose of cancelling the gold import duty was to lower the imported gold price in Sri Lanka and promote the development of Sri Lanka gold and jewellery processing industry.

Sri Lanka Central Bank encouraged commercial banks and approved companies to increase the gold imports through tariff preferential policy.
Source: ETCN
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