President Abdulla Yameen Abdul Gayoom has today ratified the 14th Amendment Bill to the Export Import Act (Act No. 31/79). The Amendment was passed by the Parliament at the 6th sitting of its second session, on 14th June 2017. Following ratification, the Act has been published in the Government Gazette.
The amendment brought to the Act reduces the duty charged from petrol and diesel to 5%. The change is now implemented following publication on the Government Gazette.