Regulations

1. these regulations may be cited as the foreign exchange (short term foreign currency loans from a company incorporated outside sri lanka) regulations No. 2 of 2022.
2. Permission is hereby granted for companies incorporated in sri lanka under the companies act, No. 7 of 2007, which import raw materials for manufacturing of their products which have a domestic value addition of at least 30%(borrower), to obtain foreign currency loans with a tenure of less than three (3) years including a minimum grace period of one (1) year, from the parent company or a company within the same group of companies incorporated outside Sri Lanka (lender), for the purpose of financing the payments of such imports, subject to the following terms and conditions, and in accordance with the directions issued by the central bank of sri lanka under the provisions of the act

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