Business
BOI approved businesses get green light to import selected spices for reprocessing and re-export
The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Finance, Economic Stabilization and National Policies to implement the following recommendations included in the report presented by the Secretary to the Ministry of Investment Promotions and the Secretary to the Ministry of Agriculture and Plantation Industries.
• Providing an opportunity to import selected spices for reprocessing and re-export to businesses approved by the Board of Investment under the procedure for the import and processing of selected spices and re-export the same in the form of oil extraction, oleoresin and residue.
• Issuance of Import and Export (Control) Regulations under the provisions of the Import and Export (Control) Act No. 1 of 1969 for the above purpose
