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<blockquote data-quote="warwickuni" data-source="post: 27058988" data-attributes="member: 101444"><p>exactly. but what is effective date? </p><p></p><p>do not believe what they say on tv or utube as the law is gazette and Section10 reads</p><p>"<strong>For the avoidance of any doub</strong>t, and for the purposes of these Rules, "Export Proceeds" <strong>shall include</strong> such proceeds required to be repatriated into Sri Lanka, under and in terms of the Foreign Exchange (Classes of Miscellaneous Capital Transactions) Regulations No. 4 of 2021, published in the Gazette (Extraordinary) Notification No. 2213/37, dated 03 February 2021 (as amended) <em>and </em><strong>payments received in for</strong>eign exchange by <strong>a person resident in Sri Lanka </strong>for the <strong>services provided including professional, vocational, occupational </strong>or business services provided to a person resident outside Sri Lanka</p><p>The heading of gazette is REPATRIATION OF EXPORT PROCEEDS INTO SRI LANKA but see the discrepancy in law? This is how we are misled by TV. </p><p>I asked a very intelligent banking officer and think that this applies to exporters only !! I showed this and awaits a reply. I think there are lot of issues in this gazette like many other issues recently. ...</p></blockquote><p></p>
[QUOTE="warwickuni, post: 27058988, member: 101444"] exactly. but what is effective date? do not believe what they say on tv or utube as the law is gazette and Section10 reads "[B]For the avoidance of any doub[/B]t, and for the purposes of these Rules, "Export Proceeds" [B]shall include[/B] such proceeds required to be repatriated into Sri Lanka, under and in terms of the Foreign Exchange (Classes of Miscellaneous Capital Transactions) Regulations No. 4 of 2021, published in the Gazette (Extraordinary) Notification No. 2213/37, dated 03 February 2021 (as amended) [I]and [/I][B]payments received in for[/B]eign exchange by [B]a person resident in Sri Lanka [/B]for the [B]services provided including professional, vocational, occupational [/B]or business services provided to a person resident outside Sri Lanka The heading of gazette is REPATRIATION OF EXPORT PROCEEDS INTO SRI LANKA but see the discrepancy in law? This is how we are misled by TV. I asked a very intelligent banking officer and think that this applies to exporters only !! I showed this and awaits a reply. I think there are lot of issues in this gazette like many other issues recently. ... [/QUOTE]
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