8702.30.89  Other
  8702.40.00
  With only electric motor for propulsion :
   Motor vehicles for the transport of less than 13 persons
(adults) including the driver, not more than three and a
half years old:
  8702.40.11  Modified vehicles of heading 87.03, not more than two
years old
  8702.40.12  Modified vehicles of heading 8 7.03, more than two
years old
  8702.40.19
  Other
   Motor vehicles for the transport of less than 13 persons
(adults) including the driver, more than three and a half
years old :
  8702.40.21  Modified vehicles of heading 87.03
  8702.40.29
  Other
  Motor vehicles for the transport of 13 or more persons
(adults) but less than 25 persons (adults) including the
driver, not more than five years old :
  8702.40.31  Modified vehicles of heading 87.03, not more than two
years old
  8702.40.32  Modified vehicles of heading 87.03, more than two
years old
  8702.40.39
  Other
   Motor vehicles for the transport of 13 or more persons
(adults) but less than 25 persons (adults) including the
driver, more than five years old :
  8702.40.41  Modified vehicles of heading 87.03
  8702.40.49
  Other
   Motor vehicles for the transport of 25 or more persons
(adults) but less than 35 persons (adults) including the
driver, not more than ten years old :
  8702.40.51  Modified Vehicles of heading 87.03, not more than two
years old


8702.40.52  Modified Vehicles of heading 87.03, more than two
years old
  8702.40.53  Other, not more than five years old
  8702.40.59
  Other
   Motor vehicles for the transport of 25 or more persons
(adults) but less than 35 persons (adults) including the
driver, more than ten years old :
  8702.40.61  Modified vehicles of heading 87.03
  8702.40.69
  Other
   Other, not more than ten years old:
  8702.40.71  Modified vehicles of heading 87.03, not more than two
years old
  8702.40.72  Modified vehicles of heading 87.03, more than two
years old
  8702.40.73  Other, not more than five years old
  8702.40.79
  Other
   Other, more than ten years old:
  8702.40.81  Modified vehicles of heading 87.03
  8702.40.89  Other
 8702.90.00  Other :

   Motor vehicles for the transport of less than 13
persons (adults) including the driver, not more than
three and a half years old :
  8702.90.12  Modified Vehicles of heading 87.03, not more than
two years old
  8702.90.13  Modified Vehicles of heading 87.03, more than two
years old
  8702.90.19
  Other
   Motor vehicles for the transport of less than 13
persons (adults) including the driver, more than
three and a half years old :
  8702.90.21  Modified Vehicles of heading 87.03
  8702.90.29
  Other


Motor vehicles for the transport of 13 or more
persons (adults) but less than 25 persons (adults)
including the driver, not more than five years old :
  8702.90.32  Modified Vehicles of heading 87.03, not more than
two years old
  8702.90.33  Modified Vehicles of heading 87.03, more than two
years old
  8702.90.39
  Other
   Motor vehicles for the transport of 13 or more
persons (adults) but less than 25 persons (adults)
including the driver, more than five years old :
  8702.90.41  Modified Vehicles of heading 87.03
  8702.90.49
  Other
   Motor vehicles for the transport of 25 or more
persons (adults) but less than 35 persons (adults)
including the driver, not more than ten years old :
  8702.90.53  Modified Vehicles of heading 87.03, not more than
two years old
  8702.90.54  Modified Vehicles of heading 87.03, more than two
years old
  8702.90.55  Other, not more than five years old
 8702.90.59  Other

   Motor vehicles for the transport of 25 or more persons
(adults) but less than 35 persons (adults) including the
driver, more than ten years old :
  8702.90.61  Modified Vehicles of heading 87.03
  8702.90.69     Other
   Other, not more than ten years old :
  8702.90.73  Modified Vehicles of heading 87.03, not more than  two
years old
  8702.90.74  Modified Vehicles of heading 87.03, more than two
years old
  8702.90.75  Other, not  more than five years old


8702.90.79
  Other
   Other, more than ten years old :
  8702.90.81  Modified Vehicles of heading 87.03
  8702.90.89
  Other

87.03
    Motor cars and other motor vehicles principally
designed for the transport of persons (other than
those of heading 87.02), including station wagons
and racing cars.
   Other vehicles, with only spark -ignition internal
combustion reciprocating piston engine :
  8703.21.10  Ambulances and prison vans not more than three years
old
  8703.21.20  Ambulances and prison vans more than three years old
  8703.21.30  Hearses not more than three years old
  8703.21.40  Hearses more than three years old
  8703.22.00  Of a cylinder capacity exceeding 1,000 cc but not
exceeding 1,500 cc:
  8703.22.10  Ambulances and prison vans, not more than three years
old
  8703.22.20  Ambulances and prison vans, more than three years old
  8703.22.30  Hearses not more than three years old
  8703.22.40
  Hearses more than three years old
   Of a cylinder capacity exceeding 1,500 cc but not
exceeding 3,000 cc :
 8703.23.10  Ambulances and prison vans not more than three years
old
  8703.23.20  Ambulances and prison vans more than three years old
  8703.23.30  Hearses not more than three years old
  8703.23.40  Hearses more than three years old
  8703.24.00  Of a cylinder capacity exceeding 3,000 cc :
  8703.24.10  Ambulances and prison vans not more than three years
old
  8703.24.20  Ambulances and prison vans more than three years old
  8703.24.30  Hearses not more than three years old


8703.24.40  Hearses more than three years old
  8703.31.00  Of a cylinder capacity not exceeding 1,500 cc :
  8703.31.10  Ambulances and prison vans not more than three years
old
  8703.31.20  Ambulances and prison vans more than three years old
  8703.31.30  Hearses not more than three years old
  8703.31.40  Hearses more than three years old
  8703.32.00  Of a cylinder capacity exceeding 1,500 cc but not
exceeding 2,500 cc :
  8703.32.10  Ambulances and prison vans not more than three years
old
  8703.32.20  Ambulances and prison vans more than three years old
  8703.32.30  Hearses not more than three years old
  8703.32.40  Hearses more than three years old
  8703.33.00  Of a cylinder capacity exceeding 2,500 cc :
  8703.33.10  Ambulances and prison vans not more than three years
old
  8703.33.20  Ambulances and prison vans more than three years old
  8703.33.30  Hearses not more than three years old
  8703.33.40  Hearses more than three years old

  Other vehicles, with both spark -ignition internal
combustion reciprocating piston engine and electric
motor as motors for propulsion, other than those capable
of being charged by plugging to external source of
electric power :
   Vehicles other than moto r cars including station
wagons and racing cars, of a cylinder capacity not
exceeding 1,000 cc :
  8703.40.11  Ambulances and prison vans not more than three years
old
 8703.40.12  Ambulances and prison vans more than three years
  8703.40.13  Hearses not more than three years old
  8703.40.14
  Hearses more than three years old
   Of a cylinder capacity exceeding 1,000 cc but not
exceeding 1,500 cc:
  8703.40.31  Ambulances and prison vans, not more than three years
old


8703.40.32  Ambulances and prison vans, more than three years old
  8703.40.33  Hearses not more than three years old
  8703.40.34
  Hearses more than three years old
   Vehicles other than motor cars including station wagons
and racing cars of a cylinder capacity exceeding 1,500
cc but not exceeding 2,000 cc :
  8703.40.41  Ambulances and prison vans not more than three years
old
  8703.40.42  Ambulances and prison vans more than three years old
  8703.40.43  Hearses not more than three years old
  8703.40.44
  Hearses more than three years old
   Vehicles other than motor cars including station wagons
and racing cars of a cylinder capaci ty exceeding 2,000
cc but not exceeding 3000cc :
  8703.40.61  Ambulances and prison vans not more than three years
old
  8703.40.62  Ambulances and prison vans more than three years old
  8703.40.63  Hearses not more than three years old
  8703.40.64
  Hearses more than three years old
   Vehicles other than motor cars including station wagons
and racing cars of a cylinder capacity exceeding 3000cc
:
  8703.40.81  Ambulances and prison vans not more than three years
old
  8703.40.82  Ambulances and prison vans more than three years old
  8703.40.83  Hearses not more than three years old
  8703.40.84  Hearses more than three years old
   Other vehicles, with both compression -ignition internal
combustion piston engine (diesel or semi -diesel) and
electric motor as motors for propulsion, other than those
capable of being charged by plugging to external source
of electric power :

   Vehicl es other than motor cars including station
wagons and racing cars ,of cylinder capacity not
exceeding 1,000 cc :


8703.50.11  Ambulances and prison vans not more than three years
old
  8703.50.12  Ambulances and prison vans more than three years
  8703.50.13  Hearses not more than three years old
  8703.50.14
  Hearses more than three years old
   Of a cylinder capacity exceeding 1,000 cc but not
exceeding 1,500 cc:
  8703.50.31  Ambulances and prison vans, not more than three years
old
  8703.50.32  Ambulances and prison vans, more than three years old
  8703.50.33  Hearses not more than three years old
  8703.50.34
  Hearses more than three years old
   Vehicles other than motor cars including station
wagons and racing cars of a cylinder capacity
exceeding 1,500 cc but not exceeding 2,000 cc :
  8703.50.41  Ambulances and prison vans not more than three years
old
  8703.50.42  Ambulances and prison vans more than three years old
  8703.50.43  Hearses not more than three years old
  8703.50.44
  Hearses more than three years old
   Vehicles other than motor cars including station
wagons and racing cars of a cylinder capacity
exceeding 2,000 cc but not exceeding 3000cc :
  8703.50.61  Ambulances and prison vans not more than three years
old
  8703.50.62  Ambulances and prison vans more than three years old
  8703.50.63  Hearses not more than three years old
  8703.50.64
  Hearses more than three years old
   Vehicles other than motor cars including station
wagons and racing cars of a cylinder capaci ty
exceeding 3000cc :
  8703.50.81  Ambulances and prison vans not more than three years
old
  8703.50.82  Ambulances and prison vans more than three years old
  8703.50.83  Hearses not more than three years old


8703.50.84  Hearses more than three years old

   Vehicles other than motor cars including station
wagons and racing cars ,Of cylinder capacity not
exceeding 1,000 cc :
  8703.60.11  Ambulances and prison vans not more than three years
old
  8703.60.12  Ambulances and prison vans more than three years
  8703.60.13  Hearses not more than three years old
  8703.60.14
  Hearses more than three years old
   Of a cylinder capacity exceeding 1,000 cc but not
exceeding 1,500 cc:
  8703.60.31  Ambulances and prison vans, not more than three years
old
  8703.60.32  Ambulances and prison vans, more than three years old
  8703.60.33  Hearses not more than three years old
  8703.60.34
  Hearses more than three years old
   Vehicles other than motor cars including station
wagons and racing cars of a cylinder capacity
exceeding 1,500 cc but not exceeding 2,000 cc :
  8703.60.41  Ambulances and prison vans not more than three years
old
  8703.60.42  Ambulances and prison vans more than three years old
  8703.60.43  Hearses not more than three years old
  8703.60.44
  Hearses more than three years old
   Vehicles other than motor cars including station
wagons and racing cars of a cylinder capacity
exceeding 2,000 cc but not exceeding 3000cc :
  8703.60.61  Ambulances and prison vans not more than three years
old
  8703.60.62  Ambulances and prison vans more than three years old
  8703.60.63  Hearses not more than three years old
  8703.60.64
  Hearses more than three years old


Vehicles other than motor cars including station
wagons and racing cars of a cylinder capacity
exceeding 3000cc :
  8703.60.81  Ambulances and prison vans not more than three years
old
  8703.60.82  Ambulances and prison vans more than three years old
  8703.60.83  Hearses not more than three years old
 8703.60.84  Hearses more than three years old
  8703.70.11  Ambulances and prison vans not more than three years
old
  8703.70.12  Ambulances and prison vans more than three years
  8703.70.13  Hearses not more than three years old
  8703.70.14
  Hearses more than three years old
   Of a cylinder capacity exceeding 1,000 cc but not
exceeding 1,500 cc:
  8703.70.31  Ambulances and prison vans, not more than three years
old
  8703.70.32  Ambulances and prison vans, more than three years old
  8703.70.33  Hearses not more than three years old
  8703.70.34
  Hearses more than three years old
   Vehicles other than motor cars including station
wagons and racing cars of a cylinder capacity
exceeding 1,500 cc but not exceeding 2,000 cc :
  8703.70.41  Ambulances and prison vans not more than three years
old
  8703.70.42  Ambulances and prison vans more than three years old
  8703.70.43  Hearses not more than three years old
  8703.70.44
  Hearses more than three years old
   Vehicles other than motor cars including station
wagons and racing cars of a cylinder capaci ty
exceeding 2,000 cc but not exceeding 3000cc :
  8703.70.61  Ambulances and prison vans not more than three years
old
  8703.70.62  Ambulances and prison vans more than three years old
  8703.70.63  Hearses not more than three years old
  8703.70.64  Hearses more than three years old


Vehicles other than motor cars including station
wagons and racing cars of a cylinder capacity
exceeding 3000cc :
  8703.70.81  Ambulances and prison vans not more than three years
old
  8703.70.82  Ambulances and prison vans more than three years old
  8703.70.83  Hearses not more than three years old
  8703.70.84
  Hearses more than three years old

87.04     Motor vehicles for the transport of goods.
 8704.10.00  Dumpers designed for off - highway use

   Other, with compression - ignition internal combustion
piston engine (diesel or semi - diesel) :
  8704.21.00
  g.v.w. not exceeding 5 tonnes
:
   Special purpose tankers/bowsers  and trucks:
  8704.21.11  Tankers / bowsers with stainless steel tanks for
transport of milk, not more than five years old
  8704.21.12  Tankers / bowsers with stainless steel tanks for
transport of milk,more than five years old
  8704.21.13  Garbage trucks equipped with waste compacting
mechanism, not more than five years old
  8704.21.14
  Garbage trucks equipped with waste compacting
mechanism, more than five years old
   Auto -trishaws :
  8704.21.21  Not more than four  years old
  8704.21.22
  More than four years old
   Chassis fitted with engines and
cabs
  8704.21.31  for vehicles of national subdivision 8704.21.43, not
more than four  years old
  8704.21.32  for vehicles of national subdivision 8704.21.44, more
than four years old


8704.21.33  for vehicles of national subdivision 8704.21.51, not
more than four years old
  8704.21.34  for vehicles of national subdivision 8704.21.52, more
than four years old
  8704.21.35  for vehicles of national subdivision 8704.21.63,not
more than four years old
  8704.21.36  for vehicles of national subdivision 8704.21.64, more
than four years old
  8704.21.37  for vehicles of national subdivision 8704.21.67, not
more than four years old
 8704.21.38  for vehicles of national subdivision 8704.21.68, more
than four years old

   Vehicles with separate bodies for cabin and for cargo
area, the cabin been designed for 3 persons (adults) or
less, including the driver, with no additional space in
the cabin  that can be converted for other uses, and
cargo carrying capacity of less than 2000 kg, but
excluding those vehicles with an engine compartment
totally protruding to the front of the vehicle from the
driving cab :
  8704.21.41  Cargo carrying capacity o f less than 800kg, not more
than four years old
  8704.21.42  Cargo carrying capacity of less than 800kg , more than
four  years old
  8704.21.43  Cargo carrying capacity of 800kg or more, not more
than four years old
  8704.21.44
  Cargo carrying capacity of
800kg or more, more than four years old
   Vehicles with separate bodies for cabin and cargo area,
the cabin been designed for 3 persons (adults) or less,
including the driver, with no additional space in the
cabin that can be  converted for other uses, and cargo
carrying capacity of  2000 kg or more :
  8704.21.51  Not more than four years old
  8704.21.52
  More than four years old


Vehicles with separate bodies for cabin and for cargo
area, the cabin been designed for 3 persons (adults) or
less, including the driver, with no additional space in
the cabin that can be converted for other uses, and
cargo carrying capacity of less than 2000 kg :
  8704.21.61  Vehicles fitted with front  leaf sprigs and Cargo carrying
capacity of less than 800kg, not more than four years
old
  8704.21.62  Vehicles fitted with front leaf sprigs and Cargo carrying
capacity of less than 800kg , more than four  years old
  8704.21.63  Vehicles  fitted with front leaf sprigs and Cargo
carrying capacity of 800kg or more, not more than four
years old

8704.21.64  Vehicles  fitted with front leaf sprigs and Cargo
carrying capacity of 800kg or more, more than four
years old
  8704.21.65  Other Vehicles, Cargo carrying capacity of less than
800kg, not more than four years old
  8704.21.66  Other Vehicles, Cargo carrying capacity of less than
800kg, more than four  years old
  8704.21.67  Other Vehicles, Cargo carrying capacity of 800kg or
more, not more than four years old
  8704.21.68
  Other Vehicles, Cargo carrying capacity of 800kg or
more, more than four years old
   Other vehicles with separate bodies for cabin and cargo
area, cabin been designed for six persons (adults) or less
including the driver, with no additional space in the
cabin that can be converted for other use, and a cargo
carrying capacity of 800 kg or more, but excluding
those vehicles with an engine compartment t otally
protruding to the front of the vehicle from the driving
cab :
  8704.21.71  Not more than four  years old
  8704.21.72
  More than four  years old
   Other :
  8704.22.00
  g.v.w. exceeding 5 tonnes but not exceeding 20 tonnes :


Tankers and bowsers with stainless steel tanks for
transport of milk and refrigerated trucks :
  8704.22.41  Not more than five years old
  8704.22.42  More than five years old but less than ten years old
  8704.22.43
  More than ten years old
   Garbage trucks equipped with waste compacting
mechanism. :
  8704.22.51  Not more than five years old
  8704.22.52
  More than five years old
   Other :
  8704.22.61  Not more than five years old
  8704.22.62  More than five years old but less than ten years old
  8704.22.63
  More than ten years old

  8704.23.00
  g.v.w. exceeding 20 tonnes :

  Tankers and bowsers with stainless steel tanks for
transport of milk and refrigerated trucks :
  8704.23.51  Not more than five years old
  8704.23.52  More than five years old but less than ten years old
  8704.23.53
  More than ten years old
   Garbage trucks equipped with waste compacting
mechanism:
  8704.23.61  Not more than five years old
  8704.23.62
  More than five years old
   Other :
  8704.23.71  Not more than five years old
  8704.23.72  More than five years old but less than ten years old
  8704.23.73
  More than ten years old
   Other, with spark -ignition internal combustion piston
engine :
  8704.31.00  g.v.w. not exceeding 5 tonnes :


Special purpose tankers/bowsers  and trucks:
  8704.31.11  Tankers / bowsers with stainless steel tanks for transport
of milk, not more than five years old
  8704.31.12  Tankers / bowsers with stainless steel tanks for transport
of milk,more than five years old
  8704.31.13  Garbage trucks equipped with waste compacting
mechanism, not more than five years old
  8704.31.14
  Garbage trucks equipped with waste compacting
mechanism, more than five years old
   Auto -trishaws :
  8704.31.21  With two -stroke petrol engine
  8704.31.22  Other, not more than four years
old
  8704.31.23
  Other, more than four  years old
   Chassis fitted with engines and cabs :
  8704.31.31  for vehicles of national subdivision 8704.31.43, not
more than four years old
  8704.31.32  for vehicles of national subdivision 8704.31.44, more
than four years old
  8704.31.33  for vehicles of national subdivision 8704.31.51, not
more than four  years old
 8704.31.34  for vehicles of national subdivision 8704.31.52, more
than four years ol d
  8704.31.35  for vehicles of national subdivision 8704.31.63, not
more than four years old
  8704.31.36  for vehicles of national subdivision 8704.31.64, more
than four years old
  8704.31.37  for vehicles of national subdivision 8704.31.67, not
more than four years old
  8704.31.38
  for vehicles of national subdivision 8704.31.68, more
than four years old


Vehicles with separate bodies for cabin and for cargo
area, the cabin been designed for 3 persons (adults) or
less, including the driver, with no additional space in
the cabin that can be converted for other uses, and
cargo carrying capacity of less than 2000 kg, but
excluding those vehicles with an engine compartment
totally pro truding to the front of the vehicle from the
driving cab :
  8704.31.41  Cargo carrying capacity of less than 800kg, not more
than four years old
  8704.31.42  Cargo carrying capacity of less than 800kg , more than
four  years old
  8704.31.43  Cargo carrying capacity of 800kg or more, not more
than four years old
  8704.31.44
  Cargo carrying capacity of 800kg or more, more than
four  years old
   Vehicles with separate bodies for cabin and cargo area,
cabin been designed for three persons (adults) or less,
including the driver with no additional space in the
cabin that can be converted for other uses and cargo
carrying capacity of 2000 kg or more:
  8704.31.51  Not more than four years old
  8704.31.52
  More than four  years old
   Vehicles with separate bodies for cabin and for cargo
area, the cabin been designed for 3 persons (adults) or
less, including the driver, with no additional space  in
the cabin that can be converted for other uses, and cargo
carrying capacity of less than 2000 kg :

8704.31.61  Vehicles fitted with front leaf sprigs and Cargo carrying
capacity of less than 800kg, not more than four years
old
  8704.31.62  Vehicles   fitted with front leaf sprigs and Cargo
carrying capacity of less than 800kg , more than four
years old
  8704.31.63  Vehicles  fitted with front leaf sprigs and Cargo carrying
capacity of 800kg or more, not more than four years old


8704.31.64  Vehicles fitted with front  leaf sprigs and Cargo carrying
capacity of 800kg or more, more than four years old
  8704.31.65  Other Vehicles, Cargo carrying capacity of less than
800kg, not more than four years old
  8704.31.66  Other Vehicles, Cargo carrying capacity of less than
800kg, more than four years old
  8704.31.67  Other Vehicles, Cargo carrying capacity of 800kg or
more, not more than four years old
  8704.31.68
  Other Vehicles, Cargo carrying capacity of 800kg o r
more, more than four years old
   Other vehicles with separate bodies for cabin and cargo
area, cabin been designed for six persons (adults) or less
including the driver, with no additional space in the
cabin that can be converted for other use, and a cargo
carrying capacity of 800 kg or more, but excluding
those vehicles with an engine compartment totally
protruding to the front of the vehicle from the driving
cab :
  8704.31.71  Not more than four years old
  8704.31.72
  More than four  years old
   Other :
  8704.31.93  Other not more than four years old
  8704.31.99  Other more than four  years old
  8704.32.00
  g.v.w. exceeding 5 tonnes :
   Tankers and bowsers with stainless steel tanks for
transport of milk  and refrigerated trucks :
  8704.32.41  Not more than five years old
  8704.32.42  More than five years old but not more than  ten years
old
  8704.32.43
  More than ten years old
   Garbage trucks equipped with waste compacting
mechanism:
 8704.32.51  Not more than five years old
  8704.32.52
  More than five years old
   Other :


8704.32.61  Not more than five years old
  8704.32.62  More than five years old but not more than ten years old
  8704.32.63  More than ten years old
  8704.90.00  Other :
  8704.90.10   Electric auto -trishaws not more than five years old
  8704.90.20  Electric auto -trishaws more than five years old
  8704.90.30  Other electric, not more than five years old
  8704.90.40  Other electric, more than five years old
  8704.90.50  Other, not more than five years old
  8704.90.60  Other, more than five years old

87.05
 Special purpose motor vehicles, other than those
principally designed for the transport of persons or
goods (for example, breakdown lorries, crane
lorries, fire fighting vehicles, concrete -mixer lorries,
road sweeper lorries, spraying lorries, mobile
workshops, mobile rad iological units)

  8705.10.00  Crane lorries :
  8705.10.10  Not more than ten years old
  8705.10.20  More than ten years old
  8705.20.00  Mobile drilling derricks :
  8705.20.10  Not more than seven years old
  8705.20.20  More than seven years old

  8705.30.00  Fire fighting vehicles :
  8705.30.10  Not more than seven years old
  8705.30.20  More than seven years old
  8705.40.00  Concrete -mixer lorries :
  8705.40.10  Not more than ten years old
  8705.40.20  More than ten years old
  8705.90.00  Other :
   Mobile workshops
 8705.90.11  Not more than seven years old
  8705.90.12
  More than seven years old


Gully bowzers  equipped with suction pumps for
extracting sewage water /wastes:
  8705.90.21  Not more than seven years old
  8705.90.22
  More than seven years old
   Concrete pump trucks :
  8705.90.31  Not more than ten years old
  8705.90.32
  More than ten years old
   Other :
  8705.90.91  g. v. w. not exceeding 4 tonnes , not more than seven
years old
  8705.90.92  g. v. w. not exceeding 4 tonnes , more than seven years
old
  8705.90.93  g. v. w. exceeding 4 tonnes , not more than seven years
old
  8705.90.94
  g. v. w. exceeding 4 tonnes , more than seven years old

87.06
  8706.00.00
  Chassis fitted with engines, for the motor vehicles of
heading 87.01 to 87.05.

  8706.00.10  New chassis fitted with engines for motor vehicles of
heading 87.02, for the transport of twenty eight or more
passengers including the driver
  8706.00.20  New chassis fitted with engines for other motor vehicles
of heading 87.02
  8706.00.30  New chassis fitted with engines for motor vehicles of
heading 8704.21, 8704.22, 8704.23, 8704.31 and
8704.32 with a g.v.w. of 3,000 kg or more
  8706.00.40  Other new chassis fitted with engines for other motor
vehicles
 8706.00.50     Used chassis fitted with engines
87.07
   Bodies (including cabs), for the motor vehicles of
headings 87.01 to 87.05.
  8707.10.00  For the vehicles of heading 87.03 :
  8707.10.10  Used vehicle  bodies fully equipped with fittings and
accessories


8707.10.20  Other vehicle bodies fully equipped with fittings and
accessories
  8707.10.30  Used vehicle bodies fully equipped with fittings and
accessories excluding seats and upholstery
  8707.10.40  Other vehicle bodies fully equipped with fittings and
accessories excluding seats and upholstery
  8707.10.50  Rough coated ,bare body frame with /without doors ,
bonnet and boot lid
  8707.10.60  Used bare body frame with /without doors , bonnet and
boot lid
  8707.10.90  Other
  8707.90.00  Other :
  8707.90.10  Bodies and cabs incorporating attachments left over in
the process of separating same from the main vehicle by
cutting, but not meriting classification elsewhere by
virtue of those left over attachments
  8707.90.20  Other, for the motor vehicles of head ing 87.02, for the
transport of 25 or more persons including the driver
  8707.90.30
  Other, for the vehicles of sub - heading 8701.20 and the
vehicles of heading 87.04, of a G.V.W. exceeding
3,000kg
   Other, bodies for the vehicles of 10 or more persons but
less than 25 of heading 87.02 including the driver :
  8707.90.41  Used  bodies fully equipped with fittings and
accessories
  8707.90.42  Other vehicle bodies fully equipped with fittings and
accessories
  8707.90.43  Used vehicle bodies fully equipped with fittings and
accessories excluding seats and upholstery
  8707.90.44  Other vehicle bodies fully equipped with fittings and
accessor ies excluding seats and upholstery
  8707.90.48  Rough coated ,bare body frame with /without doors,
bonnet and boot lid
  8707.90.49  Used bare body frame with /without doors , bonnet and
boot lid
 8707.90.90     Other
87.08
   Parts and accessories of the motor vehicles of
headings 87.01 to 87.05.


8708.10.00
  Bumpers and parts thereof
   Other parts and accessories of bodies (including cabs) :
 8708.21.00  Safety seat belts
  8708.29.00  Other :
  8708.29.10  "Cut-portions" of bodies and cabs
  8708.29.90  Other
  8708.30.00  Brakes and servo -brakes; parts thereof
  8708.40.00  Gear boxes and parts thereof
  8708.50.00  Drive -axles with differential, whether or not provided
with other transmission components, and non -driving
axles; parts thereof
  8708.70.00  Road wheels and parts and accessories thereof :
  8708.70.10  Rims fitted with tyres, showing signs of wear
  8708.70.20  Other, rims fitted with tyres
  8708.70.90  Other
  8708.80.00
  Suspension systems and parts thereof (including shock -
absorbers)
   Other parts and accessories :
  8708.91.00  Radiators and parts thereof :
  8708.91.10  Radiators and parts thereof
  8708.91.20  Parts
  8708.92.00  Silencers (mufflers) and exhaust pipes; parts thereof
  8708.93.00  Clutches and parts thereof
  8708.94.00  Steering wheels, steering columns and steering boxes;
parts thereof
  8708.95.00  Safety airbags with inflater system; parts thereof
  8708.99.00  Other :
  8708.99.10  New chassis not fitted with engines, but with or without
fittings for motor vehicles of heading 87.02 and 87.04
with a g.v.w. of 3,000 kg or more
  8708.99.20  Other new chassis not fitted with engines, but with or
without fittings
  8708.99.30  Other used chassis not fitted with engines, but with or
without fittings
  8708.99.40  "Cut-portions" of motor vehicles


8708.99.90  Other

87.09
    Works trucks, self - propelled, not fitted with lifting
or handling equipment, of the type used in factories,
warehouses, dock areas or airports, for short
distance transport of goods; tractors of the type
used on railway station platforms; parts of the
foregoing vehicles.

   Vehicles :
  8709.11.00  Electrical
  8709.19.00  Other
  8709.90.00
  Parts

87.10
  8710.00.00
  Tanks and other armoured fighting vehicles,
motorised, whether or not fitted with weapons, and
parts of such vehicles.

87.13
    Carriages for disabled persons, whether or not
motorised or otherwise mechanically propelled.

  8713.10.00  Not mechanically propelled
 8713.90.00     Other
87.14
    Parts and accessories of vehicles of headings 87.11 to
87.13.

  8714.10.00  Of motorcycles (including mopeds):
  8714.10.10  Frames, with or without frount folk
  8714.10.90  Other
  8714.20.00
  Of carriages for disabled
persons
   Other :


8714.91.00  Frames and forks, and parts
thereof :
  8714.91.10  Bicycle frames
  8714.91.20  Front forks
 8714.91.90  Other

  8714.92.00  Wheel rims and spokes :
  8714.92.10  Wheel rims
  8714.92.90  Other
  8714.93.00  Hubs, other than coaster braking hubs and hub brakes,
and free -wheel sprocket - wheels
  8714.94.00  Brakes, including coaster braking hubs and hub brakes,
and parts thereof
  8714.95.00  Saddles
  8714.96.00  Pedals and crank -gear, and
parts thereof
  8714.99.00  Other :
  8714.99.10  Mudguards
  8714.99.20  Chain stays
  8714.99.30
  Seat stays
   Other:
  8714.99.91  Bicycle rims fitted with new
tyres
  8714.99.92  Bicycle rims fitted with tyres showing signs of wear
  8714.99.99
  Other

87.15
  8715.00.00
  Baby carriages and parts thereof.

87.16
    Trailers and semi -trailers; other vehicles, not
mechanically propelled; parts thereof.


8716.10.00  Trailers and semi -trailers of the caravan type, for
housing or camping :
  8716.10.10  Not more than five years old
  8716.10.20  More than five years old
  8716.20.00  Self-loading or self -unloading trailers and semi -trailers
for agricultural purposes :
  8716.20.10  Not more than five years old
  8716.20.20
  More than five years old
  Other trailers and semi - trailers for the transport of
goods :

  8716.31.00  Tanker trailers and tanker semi -trailers :
  8716.31.10  Not more than five years old
  8716.31.20  More than five years old
  8716.39.00  Other :
  8716.39.10  Not more than five years old
  8716.39.20  More than five years old
  8716.40.00  Other trailers and semi - trailers
:
  8716.40.10  Not more than five years old
  8716.40.20  More than five years old
  8716.80.00  Other vehicles :
  8716.80.20  Wheelbarrows
  8716.80.30  Other not more than five years
old
  8716.80.40  Other more than five years old
  8716.90.00  Parts:
  8716.90.10  For wheelbarrows
 8716.90.90  Others


Schedule -B
Non-Essential Consumer Goods
HS Hdg   HS Code   Description
33.03  3303.00.00  Perfumes and toilet waters
  3303.00.10  Perfumes

    Toilet waters
 3303.00.21  Baby cologne conforming to SLS 589 and containing alcohol not less than
55% and not more than 65% by v/v
  3303.00.22  Other colognes containing alcohol not less than 50%  and not more than 90%
by v/v
  3303.00.29
  Other
33.07   Pre-shave, shaving or after -shave preparations, personal deodorants,
bath preparations, depilatories  and other perfumery, cosmetic or toilet
preparations not elsewhere specified or included; prepared room
deodorisers, whether or not perfumed or having dis infectant properties
  3307.10.00  Pre-shave, shaving or after -shave preparations
  3307.20.00  Personal deodorants and antiperspirants

  3307.30.00
  Perfumed bath salts and other bath preparations
   Preparations for perfuming or deodorizing rooms, including odoriferous
preparations used during religious rites :
 3307.41.00  "Agarbatti" and other odoriferous preparations which operate by burning
  3307.49.00  Other
  3307.90.00  Other :
  3307.90.10  Contact lens solutions
  3307.90.90  Other
40.11    New pneumatic tyres, of rubber  (+)
  4011.10.00  Of a kind used on motor cars (including station wagons and racing cars)
  4011.20.00  Of a kind used on buses or lorries :
    Having a rim size 20 inches and above :
  4011.20.11  Tyre casing without markings


4011.20.19  Other
  4011.20.90  Other
  4011.30.00  Of a kind used on aircraft
  4011.40.00  Of a kind used on motorcycles
  4011.50.00  Of a kind used on bicycles
  4011.70.00  Of a kind used on agricultural or forestry vehicles and
machines
  4011.80.00  Of a kind used on construction, mining or  industrial handling vehicles and
machines :
  4011.80.10  Having a rim size not exceeding 61 cm
  4011.80.90  Having a rim size exceeding 61 cm
  4011.90.00  Other:

  4011.90.10  Of a kind used on  auto trishaws
 4011.90.90
  Other
64.02   Other footwear with outer soles and uppers of rubber or plastics
     Sports footwear :
 6402.12.00  Ski-boots,  cross -country ski footwear and snowboard boots
  6402.19.00  Other:
   6402.19.10  Football shoes and rugby shoes
  6402.19.19  Other
 6402.20.00  Footwear with upper straps or thongs assembled to the sole by means of plugs
     Other footwear :
  6402.91.00  Covering the ankle
 6402.99.00
  Other
64.03   Footwear with outer soles of rubber, plastics, leather or composition
leather and uppers of leather
     Sports footwear :
 6403.12.00  Ski-boots, cross -country ski footwear and snowboard boots
  6403.19.00  Other :
   6403.19.10  Football shoes, rugby shoes
  6403.19.19  Other
  6403.20.00  Footwear with outer soles of leather, and uppers which consist of leather
straps across the instep and around the big toe
 6403.40.00  Other footwear, incorporating a protective metal toe -cap


Other footwear with outer soles of leather :
  6403.51.00  Covering the ankle
 6403.59.00  Other
    Other footwear :

  6403.91.00  Covering the ankle
 6403.99.00
  Other
64.04   Footwear with outer soles of rubber, plastics, leather or composition
leather and uppers of textile materials

    Footwear with outer soles of rubber or plastics :
  6404.11.00  Sports footwear;  tennis shoes, basketball shoes, gym shoes, training shoes and
the like
  6404.19.00  Other
 6404.20.00  Footwear with outer soles of leather or composition leather
64.05
    Other footwear
  6405.10.00  With uppers of leather or composition leather
  6405.20.00  With uppers of textile materials
 6405.90.00
  Other
84.15   Air conditioning machines, comprising a motor driven fan and elements
for changing the temperature and humidity, including those machines in
which the humidity cannot be separately regulated(+)
  8415.10.00  Of a kind designed to be fixed to a window, wall, ceiling or floor, self -
contained or "split system" :
  8415.10.10  Used / reconditioned
     "Split system" :
  8415.10.21  Of a capacity not exceeding 9,000 BTU
  8415.10.22  Of a capacity exceeding 9,000 BTU and not exceeding 12,000 BTU
  8415.10.23  Of a capacity exceeding 12,000 BTU and not exceeding 18,000 BTU
  8415.10.24  Of a capacity exceeding 18,000 BTU and not exceeding 24,000 BTU
 8415.10.25  Of a capacity exceeding 24,000 BTU and not exceeding 30,000 BTU
  8415.10.29  Other
     Self-contained :


8415.10.31  Of a capacity not exceeding 9,000 BTU
  8415.10.32  Of a capacity exceeding 9,000 BTU and not exceeding 12,000 BTU
  8415.10.33  Of a capacity exceeding 12,000 BTU and not exceeding 18,000 BTU
  8415.10.34  Of a capacity exceeding 18,000 BTU and not exceeding 24,000 BTU
 8415.10.35  Of a capacity exceeding 24,000 BTU and not exceeding 30,000 BTU
  8415.10.39  Other
  8415.20.00  Of a kind used for persons, in motor vehicles :
  8415.20.10  Used / reconditioned
  8415.20.90  Other
    Other :
  8415.81.00  Incorporating a refrigerating unit and a valve for reversal of the cooling/heat
cycle (reversible heat pumps) :
  8415.81.10  Used / reconditioned
  8415.81.90  Other
  8415.82.00  Other, incorporating a refrigerating unit :
  8415.82.10  Used / reconditioned
  8415.82.90  Other
  8415.83.00  Not incorporating a refrigerating unit :
  8415.83.10  Used / reconditioned
  8415.83.90  Other
  8415.90.00  Parts:

  8415.90.10  Outdoor units of split type air conditioning machines:
  8415.90.11  Used / reconditioned
 8415.90.19  Other

  8415.90.20  Indoor units of split type air conditioning machines:
  8415.90.21  Used / reconditioned
 8415.90.29  Other
  8415.90.90
  Other
84.18   Refrigerators, freezers and other refrigerating or freezing equipment,
electric or other; heat pumps other than air conditioning machines of
heading 84.15
  8418.10.00  Combined refrigerator -freezers, fitted with separate external doors :


8418.10.10  Used / reconditioned
  8418.10.90  Other
    Refrigerators, household type :
  8418.21.00  Compression -type :
  8418.21.10  Used / reconditioned
  8418.21.90  Other
  8418.29.00  Other :
  8418.29.10  Used / reconditioned absorption -type, electrical
  8418.29.20  Other absorption -type, electrical
  8418.29.30  Other used / reconditioned
  8418.29.90  Other
  8418.30.00  Freezers of the chest type, not exceeding 800 l capacity :
  8418.30.10  Not exceeding 566 l used / reconditioned
  8418.30.20  Other, not exceeding 566 l
  8418.30.30  Other, used / reconditioned
  8418.30.90  Other
  8418.40.00  Freezers of the upright type, not exceeding 900 l capacity :
  8418.40.10  Not exceeding 566 l used / reconditioned
  8418.40.20  Other, not exceeding 566 l
  8418.40.30  Other, used / reconditioned
   8418.40.90  Other
 8418.50.00  Other furniture (chests, cabinets, display counters, show -cases and the like) for
storage and display, incorporating refrigerating or freezing equipment :
  8418.50.10  Used / reconditioned
  8418.50.90  Other
    Other refrigerating or freezing equipment; heat pumps :
  8418.61.00  Heat pumps other than air conditioning machines of heading 84.15
  8418.69.00  Other :
  8418.69.10  Cabinet and chest type refrigerators exceeding 566 l and below 850 l used/
reconditioned
  8418.69.20  Other, cabinet and chest type refrigerators exceeding 566 l and below 850 l
  8418.69.30  Blast -freezers for preserving poultry meat used/ reconditioned
  8418.69.40  Other, blast -freezers for preserving poultry meat
  8418.69.50  Milk chilling tanks used/ reconditioned
  8418.69.60  Other, milk chilling tanks


8418.69.70  Other, used/ re -conditioned
  8418.69.90  Other
    Parts :
  8418.91.00  Furniture designed to receive refrigerating or freezing equipment :
  8418.91.10  Cabinets for refrigerators
  8418.91.20  Other cabinets
  8418.91.90  Other
  8418.99.00  Other

85.17   Telephone sets, including telephones for cellular networks or for other
wireless networks; other apparatus for the transmission or reception of
voice, images or other data, including apparatus for communication in a
wired or w ireless network  (such as a local or wide area network), other
than transmission or reception apparatus of heading
84.43, 85.25, 85.27 or
85.28
    Telephone sets, including telephones for cellular networks or for other
wireless networks :
  8517.11.00  Line telephone sets with cordless handsets
  8517.12.00  Telephones for cellular networks or for other wireless networks :
  8517.12.10  Used / reconditioned cellular mobile telephones
  8517.12.20  Other, cellular mobile telephones
  8517.12.90  Other
   8517.18.00
  Other
  Other apparatus for transmission or reception of voice, images or other data,
including apparatus for communication in a wired or wireless network (such
as a local or wide area network) :
   8517.61.00  Base stations
 8517.62.00  Machines for the reception, conversion and transmission or regeneration of
voice, images or other data, including switching and routing apparatus :
  8517.62.10  Transmission apparatus with or without reception apparatus
  8517.62.90  Other
  8517.69.00  Other
  8517.70.00
  Parts


85.28   Monitors and projectors, not incorporating television reception
apparatus; reception apparatus for television, whether or not
incorporating radio -broadcast receivers or sound or video recording or
reproducing apparatus
     Cathode -ray tube monitors :
 8528.42.00  Capable of directly connecting to and designed for use  with an automatic data
processing machine of heading 84.71
  8528.49.00  Other :
  8528.49.10  Used / reconditioned
  8528.49.90  Other
    Other monitors :

 8528.52.00  Capable of directly connecting to designed for use  with an automatic data
processing machine of heading 84.71
  8528.59.00  Other :
  8528.59.10  Used / reconditioned
  8528.59.90  Other
     Projectors :
 8528.62.00  Capable of directly connecting to designed for use  with an automatic data
processing machine of heading 84.71
   8528.69.00
  Other
  Reception apparatus for television, whether or not incorporating radio -
broadcast receivers or sound or video recording or reproducing apparatus :
  8528.71.00  Not designed to incorporate a video display or screen :
  8528.71.10  Used / reconditioned
  8528.71.20  Other, colour
  8528.71.90  Other
  8528.72.00  Other, colour :
  8528.72.10  Unassembled in completely knocked - down form
  8528.72.20  Used / reconditioned
     Other, with cathode ray tube :
  8528.72.31  Having a screen of less than 14 inches
  8528.72.32  Having a screen of 14 inches and not exceeding 15 inches
  8528.72.33  Having a screen of exceeding 15 inches and not exceeding 21 inches


8528.72.34  Having a screen of exceeding 21 inches and not exceeding 25 inches
  8528.72.35  Having a screen of exceeding 25 inches and not exceeding 29 inches
 8528.72.36  Having a screen of exceeding 29 inches and not exceeding 34 inches
  8528.72.39  Other
    Other, with LCD :
  8528.72.41  Having a screen of not exceeding 32 inches
  8528.72.49  Other
    Other :
  8528.72.91  Having a screen of not exceeding 32 inches
  8528.72.99  Other
  8528.73.00  Other, monochrome :
  8528.73.10  Used / reconditioned and completely knocked -down with or without cathode
ray tube
  8528.73.20  Other, completely knocked -down with or without cathode ray tube
  8528.73.30  Other, used / reconditioned
  8528.73.90  Other
84.50    Household or laundry -type washing machines, including machines which
both wash and dry(+)
    Machines, each of a dry linen capacity not exceeding 10 kg :
  8450.11.00  Fully -automatic machines :
  8450.11.10  Unassembled in completely knocked -down form
  8450.11.20  Used / reconditioned
     Other, top loading :
  8450.11.31  Of a dry linen capacity less than 4 kg
  8450.11.32  Of a dry linen capacity exceeding 4 kg and not exceeding 5.5 kg
  8450.11.33  Of a dry linen capacity exceeding 5.5 kg and not exceeding
7.5 kg
 8450.11.34  Of a dry linen capacity exceeding 7.5 kg and not exceeding
9.5 kg
  8450.11.39  Other
     Other, front loading :
  8450.11.41  Of a dry linen capacity less than 4 kg
  8450.11.42  Of a dry linen capacity exceeding 4 kg and not exceeding 5.5 kg


8450.11.43  Of a dry linen capacity exceeding 5.5 kg and not exceeding
7.5 kg
 8450.11.44  Of a dry linen capacity exceeding 7.5 kg and not exceeding
9.5 kg
  8450.11.49  Other
  8450.12.00  Other machines, with built -in centrifugal drier :
  8450.12.10  Unassembled in completely knocked -down form
  8450.12.20  Used / reconditioned
     Other :
  8450.12.31  Of a dry linen capacity less than 4 kg
  8450.12.32  Of a dry linen capacity exceeding 4 kg and not exceeding 5.5 kg
 8450.12.33  Of a dry linen capacity exceeding 5.5 kg and not exceeding
7.5 kg

 8450.12.34  Of a dry linen capacity exceeding 7.5 kg and not exceeding
9.5 kg
  8450.12.39  Other
  8450.19.00  Other :
  8450.19.10  Unassembled in completely knocked -down form
  8450.19.20  Used / reconditioned
     Other :
  8450.19.31  Of a dry linen capacity less than 4 kg
  8450.19.32  Of a dry linen capacity exceeding 4 kg and not exceeding 5.5 kg
  8450.19.33  Of a dry linen capacity exceeding 5.5 kg and not exceeding
7.5 kg
 8450.19.34  Of a dry linen capacity exceeding 7.5 kg and not exceeding
9.5 kg
  8450.19.39  Other
  8450.20.00  Machines, each of a dry linen capacity exceeding 10 kg
  8450.90.00  Parts


Banking Act Directions No. 08 of 2018
Net Stable Funding Ratio under Basel III Liquidity Standards
for Licensed Commercial Banks  and Licensed Specialised  Banks
3

SCHEDULE I


4
  BASEL III - NET STABLE FUNDING RATIO

1.0 Implementation of Net Stable Funding Ratio
1.1 Basel Committee on Banking Supervision (BCBS) publication in December 2010 on
liquidity, “Basel III: International framework for liquidity risk measurement, standards
and monitoring” introduced two minimum standards namely Liquidity Coverage Ratio
(LCR) and Net Stable Funding Ratio (NSFR) .
1.2 In March 2015 , the Central Bank of Sri Lanka (CBSL) issued Banking Act Direction s
No. 01 of 2015, Liquidity Coverage Ratio under  Basel III Liquidity Standards for
licensed banks (LBs) .
1.3 The second liquidity standard under Basel III, viz., Net Stable Funding Ratio  shall be
effective from 01 January  2019.
1.4 The objective of NSFR is to reduce funding risk over a longer time horizon by requiring
LBs to fund their activities with sufficiently stable sources of funding .

2.0 Net Stable Funding Ratio
2.1 NSFR is defined as the amount of available stable funding relative to the amount of
required stable funding. The amount  of available and required stable funding are
calibrated to reflect the presumed degre e of stability of liabilities and liquidity of assets.
The computation of NSFR shall be based on the following formula.

2.2 Available  Stable Funding
Available Stable Funding  (ASF) is defined as the portion of capital and liabilities
expected to be reliable over the time horizon of one year.  ASF factors such as  100%,
90%, 50% and 0% are assigned according to presumed degree of stability of funding.
2.3 Required  Stable Funding
Required  Stable Funding (RSF) is a function of  liquidity characteristics and residual
maturities of various assets held and those of its off -balance sheet (OBS) exposures.
RSF factors such as  0%, 5%, 10%, 15%, 50%, 65%, 85% , and 100% are assigned to
differ ent asset categories accordingly.

 NSFR = available amount of stable  funding *100
   required amount of stable funding


5
 2.4 Off-balance Sheet Exposure s
Many potential  OBS exposures do not require  immediate funding but can lead to
significant liquidity drain over a lon ger time horizon. NSFR assigns RSF factor s to
various OBS exposures in order to ensure that banks  hold stable funding for the portion
of OBS exposures that may be expected to require funding within any one -year horizon.
2.5 Definitions on various components including High  Quality Liquid Assets of Leve l 1,
Level 2A and Level 2B assets  of NSFR mirror those outlined in the Banking Act
Direction s No. 01 of 2015, on Liquidity Coverage Ratio , unless otherwise specified.
2.6 Unencumbered  assets under NSFR have the mean ing of  free of legal, regulatory,
contractual or other restrictions on the ability of the bank to liquidate, sell, transfer or
assign the asset.
2.7 Encumbered  Assets
(a) Assets on the balance sheet that are encumbered for one year or more receive a
100% RSF factor.
(b) Assets encumbered for a period of between six months and less than one year that
would, if unencumbered, receive an RSF factor lower than or equal to 50%
receive a 50% RSF factor.
(c) Assets encumbered for a period of between six months and less than one year that
would, if unencumbered, receive an RSF factor higher than 50% retain that higher
RSF factor.
(d) Where assets have less than six months remaining in the encumbrance period,
those assets may receive the same RSF factor as an equivalent asset that is
unenc umbered.

3.0 Reporting Formats
3.1 The reporting formats and instruction guidelines for computation of Net Stable Funding
Ratio are given as follows:
Appendix I: Reporting Formats for Net Stable Funding Ratio
Appendix II: Guidelines for computation  of Net Stable Funding Ratio


6
 Appendix  I
REPORTING FORMATS FOR THE NET STABLE FUNDING RATIO

Part I: Computation  of NSFR
Web -based
Return Code  Item  Amount
Rs. ‘000
32.1.1.0.0.0  Total Available Stable Funding
32.1.2.0.0.0  Required Stable Funding – On Balance Sheet Assets
32.1.3.0.0.0  Required Stable Funding – Off -balance Sheet Items
32.1.4.0.0.0  Total Required Stable Funding
32.1.5.0.0.0  NSFR


7
 Part II: Total Available Stable Funding
Web -based
Return Code  Item  Unweighted
Amount  ASF
Factor  Weighted
Amount
32.2.0.0.0.0  Total Available Stable Funding
32.2.1.0.0.0  Liabilities and capital assigned a 100%
ASF factor
32.2.1.1.0.0  Total regulatory capital before capital
deductions (excluding Tier 2 instruments
with residual maturity of less than one
year)    100%
32.2.1.2.0.0  Any other capital instrument with
effective residual maturity of one year or
more    100%
32.2.1.3.0.0  Secured and unsecured borrowings and
liabilities with effective residual
maturities of one year or more
32.2.1.3.1.0  Net d eferred tax liabilities    100%
32.2.1.3.2.0  Minority interest    100%
32.2.1.3.3.0  Other l iabilities    100%
32.2.2.0.0.0  Liabilities assigned a 90% ASF factor
32.2.2.1.0.0  Non-maturity deposits and term deposits
with residual maturity of less than one
year provided by retail customers and
Small and Medium Enterprises (SME)     90%
32.2.3.0.0.0  Liabilities assigned a 50% ASF factor
32.2.3.1.0.0  Funding with residual maturity of less
than one year provided by non -financial
corporate customers    50%
32.2.3.2.0.0  Operational deposits    50%
32.2.3.3.0.0  Funding with residual maturity of less
than one year from sovereigns, Public
Sector Entiti es (PSEs), and Multilateral
Development B anks (MDBs)    50%
32.2.3.4.0.0  Other funding with residual maturity
between six months and less than one year
not included in the above categories,
including funding provided by central
banks and financial institutions
32.2.3.4.1.0  Net d eferred tax liabilities    50%
32.2.3.4.2.0  Minority i nterest    50%
32.2.3.4.3.0  Other l iabilities    50%


8
 32.2.4.0.0.0  Liabilities assigned a 0% ASF factor
32.2.4.1.0.0  All other liabilities and equity not included
in the above categories including other
funding with residual maturity of less than
six months from central banks  and financial
institutions    0%
32.2.4.2.0.0  Other liabilities without a stated maturity
32.2.4.2.1.0  Net d eferred tax liabilities    0%
32.2.4.2.2.0  Minority i nterest    0%
32.2.4.2.3.0  Other liabilities    0%
32.2.4.3.0.0  NSFR derivative liabilities net of  NSFR
derivative assets (if NSFR derivative
liabilities are greater than NSFR derivative
assets)    0%
32.2.4.4.0.0  “Trade date” payables arising from
purchases of financial instruments, foreign
currencies and commodities    0%


9
 Part III (a): Required Stable  Funding – On Balance Sheet Assets
Web -based
Return
Code  Item  Unweighted
Amount  RSF
Factor  Weighted
Amount
32.3.0.0.0.0  Required Stable Funding – On Balance
Sheet Assets
32.3.1.0.0.0  Assets assigned a 0% RSF factor
32.3.1.1.0.0  Cash in hand    0%
32.3.1.2.0.0  Central bank reserves (Statutory Reserve
Ratio (SRR) including excess SRR)    0%
32.3.1.3.0.0  All claims on central banks  with residual
maturities of less than six months    0%
32.3.1.4.0.0  "Trade date” receivables arising  from sales of
financial instruments, foreign currencies and
commodities    0%
32.3.2.0.0.0  Assets assigned a 5% RSF factor
32.3.2.1.0.0  Unencumbered Level 1 assets
32.3.2.1.1.0  Qualifying marketable securities
32.3.2.1.1.1  Issued by sovereigns    5%
32.3.2.1.1.2  Guaranteed by sovereigns    5%
32.3.2.1.1.3  Issued or guaranteed by central banks    5%
32.3.2.1.1.4  Issued or guaranteed by BIS, IMF, ECB and
EC or eligible MDBs    5%
32.3.2.2.0.0 20% of derivative liabilities   5%
32.3.3.0.0.0  Assets assigned a 10% RSF factor
32.3.3.1.0.0  Unencumbered loans to financial institutions
with residual maturities of less than six
months    10%
32.3.4.0.0.0  Assets assigned a 15% RSF factor
32.3.4.1.0.0  Unencumbered Level 2A assets
32.3.4.1.1.0  Qualifying marketable securities
32.3.4.1.1.1  Issued or guaranteed by sovereigns    15%
32.3.4.1.1.2  Issued or guaranteed by central bank s   15%
32.3.4.1.1.3  Issued or guaranteed by PSEs    15%
32.3.4.1.1.4  Issued or guaranteed by MDBs    15%
32.3.4.1.2.0  Qualifying non -financial c orporate debt
securities (including commercial paper and
promissory notes)  and covered bonds    15%
32.3.4.1.3.0  Qualifying investments in gilt unit trust
backed by Government of Sri Lanka (GOSL)
securities    15%


10
 32.3.4.2.0.0  All other unencumbered loans to financial
institutions with residual maturities of less
than six months    15%
32.3.5.0.0.0  Assets assigned a 50% RSF factor
32.3.5.1.0.0  Unencumbered Level 2B assets
32.3.5.1.1.0  Qualifying non -financial corporate debt
securities (including commercial paper and
promissory not es)   50%
32.3.5.1.2.0  Qualifying non -financial common equity
shares    50%
32.3.5.1.3.0  Residential mortgage backed securities
(RMBS) with a credit rating of at least AA    50%
32.3.5.2.0.0  HQLA encumbered for a period of six
months or more and less than one year    50%
32.3.5.3.0.0  Unencumbered loans to financial institutions
and central banks  with residual maturity
between six months and less than one year    50%
32.3.5.4.0.0  Deposits held at other financial institutions
for operational purposes    50%
32.3.5.5.0.0  All other non HQLA not included in the
above categories with residual  maturity of
less than one year    50%
32.3.6.0.0.0  Assets assigned a 65% RSF factor
32.3.6.1 .0.0 Qualifying u nencumbered residential
mortgages with a residual maturity of one
year or more   65%
32.3.6.2 .0.0 Other qualifying unencumbered loans not
included in the above categories, excluding
loans to financial institutions, with a residual
maturity of one year or more    65%
32.3.7.0.0.0  Assets assigned a n 85% RSF factor
32.3.7.1.0.0  Cash, securities or other assets posted as
initial margin for derivative contracts    85%
32.3.7.2.0.0 Other unencumbered performing loans    85%
32.3.7.3 .0.0 Unencumbered securities that are not in
default and do not qualify as HQLA    85%
32.3.7.4 .0.0 Physical traded commodities, including gold    85%
32.3.8.0.0.0  Assets assigned a 100% RSF factor
32.3.8.1.0.0  All assets that are encumbered for a period of
one year or more    100%


11
 32.3.8.2.0.0  NSFR derivative assets net of NSFR
derivative liabilities if NSFR derivative
assets are greater than NSFR derivative
liabilities    100%
32.3.8.3.0.0  All other assets not included in above    100%

Part III (b): Required Stable Funding – Off Balance Sheet Items

Web -based
Return
Code  Item  Unweighted
Amount  RSF
Factor  Weighted
Amount
32.4.0.0.0.0  Required Stable Funding – Off Balance
Sheet Items
32.4.1.0.0.0  Irrevocable and conditionally revocable
credit and liquidity facilities to any client    5%
32.4.2.0.0.0  Other contingent funding obligations
including products and instruments
32.4.2.1.0.0  Unconditionally revocable credit and
liquidity facilities    0%
32.4.2.2.0.0  Trade finance related obligations including
guarantees and letters of credit    5%
32.4.2.3.0.0  Guarantees unrelated to trade finance
obligations    0%
32.4.3.0.0.0  Non-contractual obligations
32.4.3.1.0.0 Potential requests for debt repurchases of the
bank’s own debt or that of related conduits,
securities investment vehicles and other such
financing facilities   5%
32.4.3.2.0.0 Structured products where customers
anticipate ready marketability, such as
adjustable rate notes and vari able rate
demand notes (VRDNs)   5%
32.4.3.3.0.0 Managed funds that are marketed with the
objective of maintaining a stable value    5%
32.4.4.0.0.0  Any other  obligations   5%


Appendix  II
12
 Guidelines for Computation of NSFR Return
Web -based
Return Code  Item
32.2.0.0.0.0  Total Available Stable Funding
32.2.1.0.0.0  Liabilities and capital assigned a 100% ASF factor
32.2.1.1.0.0  Total regulatory capital before capital deductions (excluding Tier 2
instruments with residual maturity of less than one year)
Total amount of regulatory capital, before the application of capital deductions,
as defin ed in the Banking Act Direction s No. 01 of 2016 on Capital
Requirements under Basel III excluding the value of Tier 2 instruments with
residual maturity of less than one year .
32.2.1.2.0.0  Any other capital instrument with effective residual maturity of one year
or more
Total amount of any capital instrument not included above that has an effective
residual maturity of one year or more, but excluding any instruments with
explicit or embedded options that, if exercised, would reduce the expected
maturity to less than one year . Value of Tier 2 instruments , with effective
residual maturity of one year or more , that is not captured under 32.2.1.1.0.0 is
eligible under this.
32.2.1.3.0.0  Secured and unsecured borrowings and liabilities with effective residual
maturities of one year or more
Total amount of secured and unsecured borrowings and liabilities (including
term deposits) with effective residual maturities of one year or more. Cash
flows falling below the one -year horizon but arising from liabilities with a final
maturity grea ter than one year do not qualify for the 100% ASF factor. If a
bank allows a depositor to withdraw a term deposit without applying a
significant penalty that is materially greater than the loss of interest, or despite
a clause that says depositor has no le gal right to withdraw, the entire category
should be treated as demand deposits regardless of the remaining maturity.
Net deferred tax liabilities  (if deferred tax liabilities are greater than deferred


Net deferred tax liabilities  (if deferred tax liabilities are greater than deferred
tax assets)  should be treated according to the nearest possible date on which


13
 such liabilities could be realised; and minority interest, should be treated
according to the term of the instrument, usually in perpetuity.  Based on that
these liabilities are assigned ei ther a 100% ASF factor if the effective maturity
is one year or greater  under 32.2.1.3.0.0 , 50% if the effective maturity is
between six months and less than one year under 32.2.3.4.0.0 or 0% otherwise
under 32.2.4.2.0.0 .
32.2.2.0.0.0  Liabilities assigned  a 90% ASF factor
32.2.2.1.0.0  Non-maturity deposits and term deposits with residual maturity of less
than one year provided by retail customers and SME
Non-maturity deposits and /or term deposits with residual maturity of less than
one year provided by retail customers and SME . In the case of SME, t he total
amount of deposits placed with the bank by an SME s hall not exceed Rs. 250
million .
 Qualifying criteria to be classified as an SME are as follows:
(i) The annual turnover of the SME shall not exceed Rs.750 million at the
time of obtaining the deposit/granting the facility;
(ii) The annual turnover should be based on latest available audited
financial statements or certified by a Chartered  Accountant or an
Approved Accountant acceptable to the Department of Inland
Revenue. In the case of draft financial statements, the turnover certified
by a Chartered Accountant or an Approved Accountant shou ld be
obtained within the year;
(iii) The criterion (i i) above shall be applicable if the total amount of
deposits placed with the bank by the SME or the total exposure
(including off -balance sheet exposure) to the SME is greater than or
equal to Rs. 50 million. Otherwise banks may adopt their own internal
mechanism to verify the  annual turnover of the SME.


14
 32.2.3.0.0.0  Liabilities assigned a 50% ASF factor
32.2.3.1.0.0  Funding with residual maturity of less than one year provided by non -
financial corporate customers
Both secured and unsecured funding with a residual maturity of less than one
year provided by non -financial corporate customers .
32.2.3.2.0.0  Operational deposits
Financial and non -financial customer deposits placed with a bank, in order to
facilitate their access and ability to use paymen t and settlement system s or
make payments (e.g.  Vostro a ccounts and collection accounts) .
32.2.3.3.0.0  Funding with residual maturity of less than one year from sov ereigns,
PSEs, and MDBs
Funding with residual maturity of less than one year provided by sovereigns,
PSEs, and MDBs .
32.2.3.4.0.0  Other funding with residual maturity between six months and less than
one year not included in the above categories, including funding provided
by central banks and financial institutions
Secured and unsecured  other funding with residual maturity between six
months and less than one year not included in the above categories, including
funding provided by central banks and financial institutions. Refer Banking Act
Direction s No. 1 of 2016 of Capital Requirements under Basel III for indicative
list of financial institutions. Net deferred tax liabilities and minority interest
shall  be treated as instructed in 32.2.1.3.0.0.
32.2.4.0.0.0  Liabilities assigned a 0% ASF factor
32.2.4.1.0.0  All other liabilities and equity not included in the above categories
including other funding with residual maturity of less than six months
from central banks and financial institutions
Liabilities and equity categories not included in the above categories, including
other funding  with residual maturity of less than six months provided by  central
banks and financial institutions.


15
 32.2.4.2.0.0  Other liabilities without a stated maturity
This category may include short positions and open maturity positions. Net
deferred tax liabili ties and minority interest sh all be treated as instructed in
32.2.1.3.0.0.
32.2.4.3.0.0  NSFR derivative liabilities net of NSFR derivative assets (if NSFR
derivative liabilities are greater than NSFR derivative assets)
NSFR derivative liabilities net of NSFR derivative assets, if NSFR derivative
liabilities are greater than NSFR derivative assets.  i.e. ASF = 0% * MAX
((NSFR derivative liabilities - NSFR derivative assets), 0).
**Derivative liabilities are calculated based on the replacement cost for
derivative contracts (obtained by ma rking to market), where the contract has a
negative value. When an eligible  bilateral netting (refer consultation paper on
leverage ratio for eligibility criteria until final Direction s on leverage ratio is
issued) contract is in place , the replacement cost for the set of derivative
exposures covered by the contract will be the net replacement cost.  In
calculating NSFR derivative liabilities, collateral posted in the form of
variation margin in connection with derivative cont racts must be deducted from
the negative replacement cost.
NSFR derivative liabilities = (derivative labilities ) – (total collateral posted as
variation margin on derivative liabilities).
32.2.4.4.0.0  “Trade date” payables arising from purchases of financial instruments,
foreign currencies and commodities
“Trade date” payables arising from purchases of financial instruments, foreign
currencies and commodities that (i) are expected to settle within the standard
settlement cycle or period that is custo mary for the relevant exchange or type
of transaction, or (ii) have failed  to, but are still expected to settle.
32.3.0.0.0.0  Required Stable Funding – On Balance Sheet Assets
32.3.1.0.0.0  Assets assigned a 0% RSF factor
32.3.1.1.0.0  Cash in hand


32.3.1.0.0.0  Assets assigned a 0% RSF factor
32.3.1.1.0.0  Cash in hand
All cash (coins and bank notes) held by the bank that is immediately available
to meet obligations.


16
 32.3.1.2.0.0  Central bank reserves (SRR including excess)
Central b ank balances and reserves in cluding  excess of SRR. The balance held
at central bank which represents part of the capital held in foreign currency
should not be included, since it is part of capital.
32.3.1.3.0.0  All claims on central banks with residual maturities of less than six months
All claims on central banks with residual maturities of less than six months.
32.3.1.4.0.0  "Trade date" receivables arising from sales of financial instruments,
foreign currencies and commodities
Trade date receivables arising from sales of financial instruments, foreign
currencies and commodities that (i) are  expected to settle within the standard
settlement cycle or period that is customary for the relevant exchange or type
of transaction, or (ii) have failed to, but are still expected to, settle.
32.3.2.0.0.0  Assets assigned a 5% RSF factor
32.3.2.1.0.0  Unencumbered Level 1 assets
32.3.2.1.1.0

(i)

(ii)

(iii)
(iv) Qualifying marketable securities
Marketable securities with a 0% risk weight under the Banking Act Direction s
No. 01 of 2016 on Capital Requirements under Basel III and  that shall satisfy
the following:
Traded in large, deep and active repo or cash markets characteri sed by a low
level of concentration;
Have a proven record as a reliable source of liquidity in the markets (repo or
sale) even during stressed market conditi ons;
Not an obligation of a financial institution or any of its affiliated entities;
At the mark to market value.
32.3.2.1.1.1  Issued by sovereigns
Government of Sri Lanka - all rupee claims. Foreign Sovereigns - where the
sovereign attracts an External C redit Rating between AAA to AA -. Refer
Banking Act Direction s No. 01 of 2016 on Capital Requirements under Basel
III for mapping of notations of the credit rating agencies in Sri Lanka.


17
 32.3.2.1.1.2  Guaranteed by sovereigns
Government of Sri Lanka - all rupee claims. Foreign Sovereigns - where the
sovereign attracts an External Credit Rating between AAA to AA -.
32.3.2.1.1.3  Issued or guaranteed by central banks
Central Bank of Sri Lanka - all claims. Foreign Central Banks - where the
sovereign attracts an  External Credit Rating between AAA to AA -.
32.3.2.1.1.4

*

*
*
*
*
*
*
*
*
*
*
* Issued or guaranteed by BIS, IMF, ECB and EC or MDBs
Issued or guaranteed by Bank for International Settlements (BIS), the
International Monetary Fund (IMF), the European Central Bank (ECB),
European Community (EC) and the following eligible MDBs:
The World Bank Group comprising of the International Bank for
Reconstruction and Development (IBRD) and the International Finance
Corporation (IFC)
The Asian Development Bank (ADB)
The African Development Bank (AFDB)
The European Bank for Reconstruction and Development (EBRD)
The Inter -American Development Bank (IADB)
The European Investment Bank (EIB)
The European Investment Fund (EIF)
The Nordic Investment Bank (NIB)
The Caribbean Development Bank (CDB)
The Islamic Development Bank (IDB)
The Council of Europe Development Bank (CEDB)
The International Finance Facility for Immunization (IFFIm)
32.3.2.2.0.0  20% of derivative liabilities
20% of derivative liabilities (i.e. negative replacement cost amounts before
deducting variation margin posted).


18
 32.3.3.0.0.0  Assets assigned a 10% RSF factor
32.3.3.1.0.0  Unencumbered loans to financial institutions with residual maturities of
less than six months
Unencumbered loans to financial institutions with residual maturities of less
than six months, where the loan is secured against Level 1 assets and where the
bank has the ability to freely rehypothecate the received collateral for the life
of the loan.
32.3.4.0.0.0  Assets a ssigned a 15% RSF factor
32.3.4.1.0.0  Unencumbered Level 2A assets
32.3.4.1.1.0

(i)

(ii)

(iii)
(iv) Qualifying marketable securities
Marketable securities with a 20% risk weight under the Banking Act Direction s
No. 01 of 2016 on Capital Requirements under Basel III and that shall satisfy
the following conditions:
Traded in large, deep and active repo or cash markets characterised by a low
level of concentration;
Have a proven record as a reliable source of liqui dity in the markets (repo or
sale) even during stressed market conditions (i.e. A maximum decline of price
or increase in haircut not exceeding 10% over a 30 -day period of significant
liquidity stress);
Not an obligation of a financial institution or any o f its affiliated entities;
At the mark to market value.
32.3.4.1.1.1  Issued or guaranteed by sovereigns
Government of Sri Lanka – all foreign claims
Foreign Sovereigns - where the sovereign attracts an External Credit Rating
between A+ to A -.
32.3.4.1.1.2  Issued or guaranteed by central banks
Foreign Central Banks - where the sovereign attracts an External Credit Rating
between A+ to A -.
32.3.4.1.1.3  Issued or guaranteed by PSEs
Domestic and foreign PSEs - where PSE attracts an External Credit  Rating
between AAA to AA -.


19
 32.3.4.1.1.4  Issued or guaranteed by MDBs
MDBs other than MDBs listed above in 32.3.2.1.1.4 where MDBs attracts an
External Credit Rating between AAA to AA -.
32.3.4.1.2.0

(i)
(ii)
(iii)

(iv)

(v)

(i)
(ii)

(iii) Qualifying non -financial corporate debt securities (including commercial
paper and promissory notes) and covered bonds
Shall satisfy the following conditions:
Not issued by a financial institution or any of its affiliated entities;
With an External Credit Rating of at least AA -;
Traded in large, deep and active repo or cash markets characterised by a low
level of concentration;
Have a proven record as a reliable source of liquidity in the markets (repo or
sale) even during stressed market conditions (i.e. A maximum decline of price
or increase in haircut not exceeding 10% over a 30 -day period of significant
liquidity stress);
At mark to market value.
In case of commercial paper and promissory notes:
The issuer should be a non -financial institution.
All existing facilities obtained by the issuer from the investee bank should be
"performing" in terms of the Banking Act Direction s on Classification of Loans
and Advances, Income Recognition and Provisioning.
Commercial Paper/Promissory Notes should be backed  by an approved standby
credit line supporting the issue to the full redemption value from another
licensed bank.
32.3.4.1.3.0

(i)
(ii) Qualifying investments in Gilt Unit Trust (GUT) backed by GOSL
securities, subject to:
GUTs should be open ended mutual funds
Underlying investment portfolio of GUTs should always be Sri Lanka
Government Securities


20
 32.3.4.2.0.0  All other unencumbered loans to financial institutions with residual
maturities of less than six months
All other unencumbered loans to financial institutions with residual maturities
of less than six months not included above in 32.3.3.1.0.0.
32.3.5.0.0.0  Assets assigned a 50% RSF factor
32.3.5.1.0.0  Unencumbered Level 2B assets
32.3.5.1.1.0

(i)
(ii)
(iii)

(iv)

(v)

(i)
(ii)

(iii) Qualifying non -financial corporate debt securities (including commercial
paper and promissory notes)
Shall satisfy the following conditions:
Not issued by a financial institution or any of its affiliated entities;
With an External Credit Rating between A+ and BBB -;
Traded in large, deep and active repo or cash markets characterised by a low
level of concentration;
Have a proven record as a reliable source of liquidity in the markets (repo or
sale) even during stressed market conditions (i.e. A ma ximum decline of price
or increase in haircut not exceeding 20% over a 30 -day period of significant
liquidity stress);
At mark to market value.
In case of commercial paper and promissory notes:
The issuer should be a non -financial institution;
All existing  facilities obtained by the issuer from the investee bank should be
"performing" in terms of the Banking Act Direction s on Classification of Loans
and Advances, Income Recognition and Provisioning;
Commercial Paper/Promissory Notes should be backed by an a pproved standby
credit line, supporting the issue to the full redemption value from another
licensed bank.


21
 32.3.5.1.2.0

(i)
(ii)
(iii)

(iv)
 Qualifying non -financial common equity shares
Shall satisfy the following conditions:
Not issued by a financial  institution or any of its affiliated entities;
Traded at recognis ed stock exchange and centrally cleared;
Traded in large, deep and active repo or cash markets characterised by a low
level of concentration;
Have a proven record as a reliable source of liq uidity in the markets (repo or
sale) even during stressed market conditions (i.e., maximum decline of share
price or increase in haircut not exceeding 40% over a 30 -day period of
significant liquidity stress).
32.3.5.1.3.0  Residential mortgage backed secu rities (RMBS) with a credit rating of at
least AA

(i)

(ii)
(iii)
 Shall satisfy the following conditions:
Not issued by  and the underlying assets have n ot been originated by the bank
or any of its affiliated entities;
An External Credit Rating of AA or higher;
Traded in large, deep and active repo or cash markets characterised by a low
level of concentration;
(iv)

(v)

 Have a proven record as a reliable source of liquidity in the markets (repo or
sale) even during stressed market conditions (i.e. , A maximum decline of price
or increase in haircut not exceeding 20% over a 30 -day period of significant
liquidity stress);
The underlying asset pool is restricted to residential mortgages and cannot
contain structured products; the underlying mortgages ar e “full recourse’’ loans
(i.e. in the case of foreclosure the mortgage owner remains liable for any
shortfall in sales proceeds from the property) and have a maximum loan -to-
value ratio (LTV) of 80% on average at issuance.
32.3.5.2.0.0  HQLA encumbered for  a period of six months or more and less than one
year
Any HQLA that are encumbered for a period of between six months and less
than one year.


22
 32.3.5.3.0.0  Unencumbered  loans to financial institutions and central banks with
residual maturity between six months and less than one year
Unencumbered  loans to financial institutions and central banks with residual
maturities between six months and less than one year.
32.3.5.4.0.0  Deposits held at other financial institutions for operational purposes
Deposits placed in order to facilitate their access and ability to use payment and
settlement systems or make payments (e.g. Nostro Accounts and collection
accounts).
32.3.5.5.0.0  All other non HQLA not included in the above categories with residual
maturity of less than one year
Other non HQLA not included in the above categories that have a residual
maturity of less than one year, including loans to non -financial corp orate
clients, loans to retail customers and SME, and loans to sovereigns and PSEs.
In the case of an SME, the maximum exposure (including off balance sheet
exposure ) of the lending bank to the SME shall not exceed Rs. 250 million .
32.3.6.0.0.0  Assets as signed a 65% RSF factor
32.3.6.1.0.0  Qualifying unencumbered residential mortgages with a residual maturity
of one year or more
Unencumbered residential mortgages with a residual maturity of one year or
more that would qualify for a 50% or lower risk weight according to the
Banking Act Direction s No. 01 of 2016 on Capital Requirements under Basel
III.
32.3.6.2.0.0  Other qualifying unencumbered loans not included in the above
categories, excluding loans to financial institutions, with a residual
maturi ty of one year or more
Other unencumbered loans not included in the above categories, excluding
loans to financial institutions, with a residual maturity of one year or more that
would qualify for a risk weight lower than 50% according to the Banking Act
Direction s No. 01 of 2016 on Capital Requirements under Basel III .


23
 32.3.7.0.0.0  Assets assigned a n 85% RSF factor
32.3.7.1.0.0  Cash, securities or other assets posted as initial margin for derivative
contracts
Cash, securities or other assets posted as  initial margin for derivative contracts
and cash or other assets provided to contribute to the default fund of a central
counterparty (CCP).
32.3.7.2.0.0  Other unencumbered performing loans
Other unencumbered performing loans with risk weight equal or g reater than
to 50% according to the Banking Act Direction s No. 01 of 2016 on Capital
Requirements under Basel III and having residual maturities of one year or
more, excluding loans to financial institutions.
32.3.7.3.0.0  Unencumbered securities that are not in default and do not qualify as
HQLA
Unencumbered securities that are not in default and do not qualify as HQLA
with a remaining maturity of one year or more and exchange -traded equities.
32.3.7.4.0.0  Physical traded commodities, including gold
Phys ical traded commodities, including gold.
32.3.8.0.0.0  Assets assigned a 100% RSF factor
32.3.8.1.0.0  All assets that are encumbered for a period of one year or more
All assets that are encumbered for a period of one year or more.
32.3.8.2.0.0  NSFR derivative assets net of NSFR derivative liabilities, if NSFR
derivative assets are greater than NSFR derivative liabilities
NSFR derivative assets net of NSFR derivative liabilities, if NSFR derivative
assets are greater than NSFR derivative liabilities.
**Derivative assets are calculated first based on the replacement cost for
derivative contracts (obtained by marking to market) where the contract has a
positive value. When an eligible bilateral netting (refer consultation paper on
leverage ratio for eli gibility criteria until final Direction s on leverage ratio is
issued) contract is in place, the replacement cost for the set of derivative
exposures covered by the contract will be the net replacement cost. In


exposures covered by the contract will be the net replacement cost. In
calculating NSFR derivative assets, collateral  received in connection with


24
 derivative contracts may not offset the positive replacement cost amount,
regardless of whether or not netting is permitted, unless it is received in the
form of cash variation margin and meets the conditions as specified . (ref er
consultation paper on leverage ratio for conditions on cash variation margin
until final Direction s on leverage ratio is issued) .
32.3.8.3.0.0  All other assets not included in above
All other assets not included in the above categories, including non-performing
loans, loans to financial institutions with a residual maturity of one year or
more, non -exchange -traded equities, fixed assets, items deducted from
regulatory capital, retained interest, insurance assets, subsidiary interests and
defaulted securities.
32.4.0.0.0.0  Required Stable Funding – Off Balance Sheet Items
32.4.1.0.0.0  Irrevocable and conditionally revocable credit and liquidity facilities to
any client
Balances of undrawn credit and liquidity facilities that are contractually
irrevocable (committed) or conditionally revocable agreements to extend funds
in future.
32.4.2.0.0.0  Other contingent funding obligations, including products and instruments
below
32.4.2.1.0.0  Unconditionally revocable credit and liquidity facilities
Balances of undrawn credit and liquidity facilities where the bank has the right
to unconditionally revoke the undrawn portion of these facilities (e.g., overdraft
and credit card undrawn portion).
32.4.2.2.0.0  Trade finance -related obligations (including  guarantees and letters of
credit)
Trade finance instruments consist of trade -related (import - export related)
obligations directly underpinned by the movement of goods or the provision of
services. Report up to uncovered exposure if such facilities are b acked by
margin deposits.
32.4.2.3.0.0  Guarantees unrelated to trade finance obligations
The outstanding amount of guarantees unrelated to trade finance obligations.


25
 32.4.3.0.0.0  Non-contractual obligations
32.4.3.1.0.0  Potential requests for debt repurchases of the bank’s own debt or that of related
conduits, securities investment vehicles and other such financing facilities.
32.4.3.2.0.0  Structured products where customers anticipate ready marketability, such as
adjustable rate notes and variable  rate demand notes (VRDNs).
32.4.3.3.0.0  Managed funds that are marketed with the objective of maintaining a stable
value.
32.4.4.0.0.0  Any other obligations
Other off -balance sheet exposures not covered above.


2\ November 2018MONETARY BOARD
CENTRAL BANK OF SRI LANKA
BANKING ACT DIRECTIONS No.09 of2018
AMENDMENTS TO DIRECTIONS ON LIQTIIDITY COVERAGE RATIO
UNDER BASEL III LIQUIDITY STANDARDS
F'OR LICENSED COMMERCIAL BANKS AND LICENSED SPECIALISED BANKS
The Appendix I and Appendix II to Annex I referred to in Direction 4 of the Banking Act
Directions No. 0l of 2015 on Liquidity Coverage Ratio under Basel III Liquidity Standards are
amended as follows:
1. Amendments 1.1 The web-based return codes of 19.3.1 .1.2.0,
19.3.4.1.1.0 and 19.4.3.1.0.0 of Appendix I are
amended as in Appendix I hereto.
1.2 The web-based return codes of 19.2.1.1.3.1,
19.2.t.1.3.2, 19.2.2.1.1. 1, 1 9.3. I .1.2.0, t9.3.4.1.1.0,
19.4.3.1.0.0 and 19.3.2.0.0.0 of Appendix II are
amended as in Appendix II hereto.
al,l
/{r"}h,
Dr. Indrajit Coomaraswamy
Chairman of the Monetary Board and
Governor of the Central Bank of Sri Lanka


Appendix I
Reporting Formats for Rlpee Liquidity Requirement (BSD-MF-19-RR)
Reporting Formats for All-Currency I .iquidify Requirement (BSD-MF-19:AR)
Monthly Financial Return (LKR'000)
Part III - Calculation of Total Cash Outllows
Part fV - Calculation of Total Cash InflowsSmall and medium enterprises 19.3.1.1.2.0
Undrawn committed credit & liquidity facilities to
retail and small and medium19.3.4.1.1.0


Appendix II
Guidelines for Calculation of Liquidity Coverage Ratio
Web-based
Return
CodeItem
t9 "2"1.t "3.1Issued by sovereigns
Government of Sri Lanka - rupee claims. Foreign Sovereigns - where the sovereign
attracts an External Credit Rating between AJAA to AA-.
t9.2.r.1.3.2 Guaranteed by sovereigns
Government of Sri Lanka - rupee claims. Foreign Sovereigns - where the sovereign
attracts an External Credit Rating between A.rA.A to A.r{-.
t9.2.2.1.1"1 Issued or guaranteed by sovereigns
Government of Sri Lanka - foreign claims. Foreign Sovereigns - where the sovereign
attracts an External Credit Rating between A+ to A-.
t9.3 "t "1.2.0Small and medium enterprises
Deposits placed with a bank by small and medium enterprises (SME). The total
amount of deposits placed with the bank by an SME shall not exceed Rs. 250 million.
Qualifuing criteria to be classified as an SME are as follows:
(i) The annual turnover of the SME shall not exceed Rs.750 million at the time
(iii)of obtaining the deposit/granting the facility;
The annual turnover should be based on latest available audited financial
statements or certified by a Chartered Accountant or an Approved
Accountant acceptable to the Department of Inland Revenue. In the case of
draft financial statements, the turnover certified by a Chartered Accountant or
an Approved Accountant should be obtained within the year;
The criterion (ii) above shall be applicable if the total amount of deposits
placed with the bank by the SME or the total exposure (including off-balance
sheet exposure) to the SME is greater than or equal to Rs. 50 million.
Otherwise banks may adopt their own internal mechanism to verifr the
annual turnover of the SME.(ii)
19.3.4.1.1.0 Undrawn committed credit & liquidity facilities to retail and small and medium
enterprises
In the case of an SME, the maximum exposure (including off-balance sheet exposure)
of the lending bank to the SME shall not exceed Rs. 250 million.


of the lending bank to the SME shall not exceed Rs. 250 million.
19.4.3.1.0.0 Retail and small and medium enterprises
All payments (including interest payments and instalments) from retail customers and
small and medium enterprises on performing facilities that is contractually due within
the 30-day horizon. In the case of an SME, the maximum exposure (including off-
balance sheet exposure) of the lending bank to the SME shall not exceed Rs. 250
mi[lion.


F
Appendix II \
19.3.2.0.0.0 Unsecured wholesale funding
Wholesale deposits and other general obligations that are raised from legal entities
(incorporated companies excluding SI/G). Wholesale deposits also include dormant
deposits, collateralised customer deposits against lending, margin deposits and insur,pd
deposits under the Sri Lanka Deposit lnsurance and Liquidity Support Scheme. ln
case of other general obligations, they shall not be collateralised by legal rights to
specifically designated assets owned by the borrowing institution in the case of
bankruptcy, insolvency, liquidation or resolution. Obligations related to derivative
contracts are explicitly excluded from this definition.


1ft March20l8MONETARY BOARD
CENTRAL BANK OF SRI LANKA
BANKING ACT ORDER No.01 of2018
BANKING (OFF.SHORE BANKING BUSINESS SCHEME) ORDER
Order made by the Monetary Board of the Central Bank of Sri Lanka with the approval of the
Minister, under Sections 23,25 and26 of the Banking Act, No. 30 of 1988 as amended.
1. Citation
2. Amendment to
Clause 5 in the'
Banking (Off-
Shore Banking
Business)
Order,2000
issued on 7ft
April2000.The following
Shore Banking
Permitted
transactions
in an account
of a non-
residentThis Order may be cited as the Banking Act, Order No. 01 of 2018.
new Clause, replaces the Clause 5 of the Banking (Off-
Business Scheme) Order, 2000, dated 7n April2000
5. An account maintained by a non-resident in an off-
shore unit shall be:
(a) credited with inward remittances, and
(b) credited or debited, as the case may be, with
transactions that are permitted under the
provisions of the Foreign Exchange Act,
No. 12 of 2017,
in any designated foreign currency.
3. Revocations The following are hereby revoked:
(i) Banking Act, Order No. 1 of 2009 Banking (Off-Shore Banking
Business Scheme) Order.
(ii) Banking Act, Order No. 2 of 2011 Banking (Off-Shore Banking
Business Scheme) Order.
ilr*^\ r"*1
Dr. Indrajit Coomaraswamy
Chairman of the Monetary Board and
Governor of the Central Bankof Sri Lanka


30 November 2018MONETARY BOARI)
CENTRAL BANK OF SRI LANKA
BANKING ACT ORDER No.02 of2018
BANKING (OFF.SHORE BANKING BUSINESS SCHEME) ORDER
Order made by the Monetary Board of the Central Bank of Sri Lanka with the approval of the
Minister, under Sections 23,25 and26 of the Banking Act, No. 30 of 1988 as amended.
1 . This Order may be cited as the Banking Act, Order No. 02 of 20 1 8 .
2. The following Clauses are inserted immediately after Clauses 2(2) and 4(3) of the
Banking (Off-Shore Banking Scheme) Order, 2000, dated 7 Apr1l2000 and shall have
effect as Clauses 2(3) and 4(4), respectively.
2.1 Authorised
Business
2.2 Authorised
Business with
Residents2(3) Foreign currency borrowings made under Section 25(b)
of the Banking Act shall be undertaken subject to terms
and conditions in Banking Act Directions No. 11 of
2018 dated 30 November 2018 on foreign curency
borrowings by licensed banks.
aU) An off-shore unit shall engage in borrowings with a
resident specified in paragraph 4(1) subject to terms and
conditions in Banking Act Directions No. 11 of 2018
dated 30 November 2018 on foreign curency
borrowings by licensed banks.
fukl,-*,-
Dr. Indrajit Coomaraswamy
Chairman of the Monetary Board and
Governor of the Central Bank of Sri Lanka


CENTRAL BANK OF SRI LANKA
BANK SUPERVISION DEPARTMENT
11 October 2018 CIRCULAR No.02 of 2018
MARGIN REQUIREMENTS AGAINST
IMPORTS ON DOCUMENTS AGAINST ACCEPTANCE (DA) TERMS
The Central Bank of Sri Lanka with a view to curtailing imports and the adverse impact on
the exchange rate requires licensed commercial banks to adopt the following measures on
imports under DA terms with immediate effect.
1. A 100 per cent cash margin on the invoiced value of the imports under DA terms for
items specified in Annex I, shall be placed by the importer at the bank that releases
documents, at the time of acceptance of documents by the importer.
2. The 100 per cent cash margin requirement shall be on the total value of the invoice,
regardless that the same invoice includes items which are not subject to the margin
requirement.
3. Licensed commercial banks shall endorse the invoice to the effect that the margin
deposit has been obtained.
4. The margin deposit shall be released on the production of documentary evidence
payments through the banking channels in Sri Lanka and customs documents
clearance of impofis.
5. Licensed commercial banks shall not grant any loan facilities to enable importers to
place the margin deposits in respect of these imports.
il,
;A A M Thassim
Director of Bank Supervisionor
of


Annex I
Non-Essential Consumer Goods
HS Hdg
33.03HS Code
3303.00.00Description
Perfumes and toilet waters
3303.00.10 Perfumes
Toilet waters
3303.00.21 Baby cologne conforming to SLS 589 and containing alcohol
not less than 55o/o and not more than 650/o bv vlv
3303.00.22 Other colognes containing alcohol not less than 50o/o and not
more than 9Uo/oby vlv
3303.00.29 Other
33.07 Pre-shave, shaving or after-shave preparations, personal
deodorants, bath preparations, depilatories and other
perfumery, cosmetic or toilet preparations not elsewhere
specified or included; prepared room deodorisers,
whether or not perfumed or having disinfectant
properties
3307.10.00 Pre-shave, shaving or after-shave preparations
3307.20.00 Personal deodorants and antiperspirants
3307.30.00 Perfumed bath salts and other bath preparations
Preparations for perfuming or deodorizing rooms, including
odoriferous preparations used during religious rites :
3307.41.00 "Agarbatti" and other odoriferous preparations which operate
by buming
3307.49.00 Other
3307.90.00 Other:
3307.90.10 Contact lens solutions
3307.90.90 Other
40.11 New pneumatic tyres, of rubber
(+)
4011.10.00 Of a kind used on motor cars (including station wagons and
racing cars)
401 1.20.00 Of a kind used on buses or lorries :
Having a rim size 20 inches and above :
4011.20.11 Tyre casing without markings


4011.20.19 Other
4011.20.90 Other
4011.30.00 Of a kind used on aircraft
401 1.40.00 Of a kind used on motorcycles
401 1.50.00 Of a kind used on bicycles
401 1.70.00 Of a kind used on agricultural or forestry
vehicles and machines
4011.80.00 Of a kind used on construction, mining or industrial handling
vehicles and machines :
401 1.80.10 Having a rim size not exceeding 6l cm
401 1.80.90 Having a rim size exceeding 61 cm
401 1.90.00 Other:
4011.90.10 Of a kind used on auto trishaws
401 1.90.90 Other
Other footwear with outer soles and uppers of rubber or
plastics64.02
Sports footwear
6402.12.00 Ski-boots, cross-country ski footwear and snowboardboots
6402.t9.00 Other:
6402.t9.t0 Football shoes and rugby shoes
6402.t9.19 Other
6402.20.00 Footwear with upper straps or thongs assembled to the sole
by means of plugs
Other footwear
6402.91.00 Covering the ankle
64.036402.99.00 Other
Footwear with outer soles of rubber, plastics, leather or
composition leather and uppers of leather
Sporls footwear:
6403.12.00 Ski-boots, cross-country ski footwear and snowboard boots
6403.19.00 Other:
6403.1 9.1 0Football shoes, rugby shoes
6403.t9.t9 Other
6403.20.00 Footwear with outer soles of leather, and uppers which
consist ofleather straps across the instep and around the big
toe


6403.40.00 Other footwear, incorporating a protective metal toe-cap
Other footwear with outer soles of leather :
6403.51.00 Covering the ankle
6403.59.00 Other
Other footwear :
6403.91.00 Covering the ankle
64.046403.99.00 Other
Footwear with outer soles of rubber, plasticso leather or
composition leather and uppers of textile materials
Footwear with outer soles of rubber or plastics :
6404.1t.00 Sports footwear; tennis shoes, basketball shoes, gym shoes,
training shoes and the like
6404.t9.00 Other
64.056404.20.00 Footwear with outer soles of leather or composition leather
Other footwear
640s. 1 0.00With uppers of leather or composition leather
6405.20.00 With uppers of textile materials
6405.90.00 Other
84.15Air Conditioningl machirresr, pBmprisifrg a ,motor,4riv lfran
iand etrements f,or,:changipg thertemp,4iature and'hurnidity,
incfuding thoseitrhc[iines in which the humidtff ea$p.e
separately regulated(+) ', r,. "r'i';' i ' ;
841s.10.00 Of a kind designed to be fixed to a window, wall, ceiling or
floor, self-contained or "split systetn" :
8415.10.10 Used i reconditioned
"Split systern"
8415.10.21 Of a capacity not exceeding 9,000 BTU
84ts.t0.22 Of a capacity exceeding 9,000 BTU and not exceeding 12,000
BTU
8415.10.23 Of a capacity exceeding 12,000 BTU and not exceeding
18,000 BTU
8415.t0.24 Of a capacity exceeding 18,000 BTU and not exceeding
24,000 BTU
841 5. 10.25Of a capacity exceeding 24,000 BTU and not exceeding
30,000 BTU


8415.10.29 Other
Self-contained:
8415.10.31 Of a capacity not exceeding 9,000 BTU
8415.t0.32 Of a capacity exceeding 9,000 BTU and not exceeding 12p00
BTU
841 5. 10.33Of a capacity exceeding 12,000 BTU and not exceeding
18,000 BTU
8415.10.34 Of a capacity exceeding 18,000 BTU and not exceeding
24,000 BTU
8415.10.35 Of a capacity exceeding 24,000 BTU and not e*ceeding
30,000 BTU
8415.10.39 Other
8415.20.00 Of a kind used for persons, in motor vehicles :
84 1 5.20. 10Used / reconditioned
8415.20.90 Other
Other:
8415.81.00 Incorporating a refrigerating unit and a valve for r"rersal of
the cooling/heat cycle (reversible heat pumps) :
841s.81.r0 Used / reconditioned
8415.81.90 Other
8415.82.00 Other, incorporating a refrigerating unit
8415.82.10 Used / reconditioned
841s.82.90 Other
8415.83.00 Not incorporating a refrigerating unit
8415.83.10 Used / reconditioned
841s.83.90 Other
8415.90.00 Parts:
8415.90.10 Outdoor units of split type air conditioning machines:
8415.90.1 IUsed / reconditioned
8415.90.19 Other
8415.90.20 Indoor units of split type air conditioning machines:
8415.90.21 Used / reconditioned
8415.90.29 Other
8415.90.90 Other


84.18Refrigerators, freezers and other refrigerating or freezing
equipment, electric or otherl heat pumps other than air
conditioning machines of heading 84.15I t;,, l .', ,r,' ,r t li'r,i
8418.10.00 Combined refrigerator-freezers, fitted with separate external
doors :
84 1 8.1 0.1 0Used / reconditioned
841 8.10.90 Other
Refrigerators, household type :
841 8.21.00 Compression-type :
8418.21.10 Used / reconditioned
8418.21.90 Other
8418.29.00 Other:
8418.29.10 Used / reconditioned absorption-type, electrical
8418.29.20 Other absorption-type, electrical
8418.29.30 Other used / reconditioned
8418.29.90 C)ther
8418.30.00 Freezers ofthe chest type, not exceeding 800 I capacity :
8418.30.10 Not exceeding 566 I used / reconditioned
8418.30.20 Other, not exceeding 566 I
8418.30.30 Other, used / reconditioned
8418.30.90 Other
8418.40.00 Freezers ofthe upright type, not exceeding 900 1 capacity :
8418.40.10 Not exceedin g 566 1 used / reconditioned
8418.40.20 Other, not exceeding 566 I
8418.40.30 Other, used / reconditioned
8418.40.90 Other
8418.s0.00 Other furrriture (chests, cabinets, display counters, show-cases
and the like) for storage and display, incorporating
refrigerating or freezing equipment :
8418.50.10 Used / reconditioned
8418.50.90 Other
Other refrigerating or freezing equipment; heat pumps :
841 8.61 .00Heat pumps other than air conditioning machines of heading
84.1 5
8418.69.00 Other:
8418.69.10 Cabinet and chest type refrigerators exceeding 566 I and
below 850 1 used/ reconditioned


8418.69.20 Other, cabinet and chest type refrigerators exceeding 566 I and
below 850 I
8418.69.30 Blast-freezers for preserving poultry meat used/ reconditioned
8418.69.40 Other, blast-freezers for preserving poultry meat
8418.69.50 Milk chilling tanks used/ reconditioned
8418.69.60 Other, milk chilling tanks
8418.69.70 Other, used/ re-conditioned
8418.69.90 Other
Parts :
8418.91.00 Fumiture designed to receive refrigerating or freezing
equipment:
8418.91.10 Cabinets for refri gerators
8418.91.20 Other cabinets
8418.91.90 Other
8418.99.00 OtheI
85.17
Telephone sets, including telephones for cellular networks or
for other wireless networks :
8517.1 1.00Line telephone sets with cordless handsets
8517.12.00 Telephones for cellular networks or for other wireless networks
85 I 7.1 2.10Used / reconditioned cellular mobile telephones
8517.t2.20 Other, cellular mobile telephones
8517.t2.90 Other
8517.18.00 Other
Other apparatus for transmission or reception of voice,
images or other data, including apparatus for communication
in a wired or wireless network (such as a local or wide area
network) :
8517.61.00 Base stations