White goods restrictions to be lifted by September
View(s):The government is set to lift the restrictions imposed last year on white goods by this September.
“”We have seen month-on-month a slow but gradual improvement in purchases. Certain categories of import restrictions on consumer durables and home appliances were lifted and we feel that by September everything could be lifted,” Mahesh Wijewardene, Managing Director Singer Sri Lanka PLC told the Business Times on the sidelines of launching the partnership between Singer and Vivo on Thursday.
He said that there is an immediate need for air conditioners in this hot weather. “We witness an immediate need for air conditioners with tourism kicking in. Especially in the Northern areas Sri Lankans who fly in now for festivals etc are finding it very difficult without air conditioning,” he added. There are many enquiries through Singer branches islandwide for air conditioners which they cannot meet, Mr. Wijewardene said.
He said that there are a lot of grey market activities going on with import restrictions and high duties kicking in. “It is very much seen on digital devices such as mobile phones and computers as well as electrical items. “These importers evade import taxes and devalue the goods when importing causing a serious loss of revenue to the government.”
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