The policy details under the Import-Export Act, allowing the waiver of import duties, royalties and revenue fees under specific circumstances by the President has been publicised.

The policy states that exemptions can be granted in three cases: for goods imported to carry out economically important activities in the Maldives; for goods imported for the general benefit of citizens or residents of a particular island or region in special circumstances; and for goods imported, exported or re-exported for economically necessary business or projects.

A total of 12 categories have been identified for duty relief. These include equipment for boat construction and renovation, support for small and medium-sized enterprises (SMEs) in agriculture, and businesses aimed at reducing imports and increasing exports.

The policy also covers equipment for fisheries development, activities that expand trade and employment, projects that increase foreign exchange earnings, and efforts to diversify the economy. Support is extended to SME expansion under government-backed projects, major capital expenditure and repair works exceeding 25 percent of the original investment cost, and bunkering fuel businesses licensed in the Maldives.

Additionally, exemptions apply to equipment for island development in North Thiladhummathi Atoll, South Thiladhunmathi Atoll, Miladhummadulu Atoll, Kolhummadulu Atoll, Laamu Atoll and Addu Atoll, as well as equipment imported by halal tourism investors for resort development.

Capital equipment, spare parts, materials and other necessary supplies under these categories will be exempt from duty and revenue fees, including in special circumstances outlined in the policy.