Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka Customs nabs illegal scrap copper to be smuggled to Singapore
Fri, Feb 7, 2014, 12:50 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 06, Colombo: Sri Lanka Customs has seized two containers of scrap copper that was on the way to be smuggled to Singapore.

The preventive staff of Sri Lanka Customs seized the load on January 22 at the Colombo Port.

Two persons have been arrested in relation to the smuggling attempt. They had ben produced in the Colombo Magistrate Court and the judge ordered them to be remanded till February 12.

The Customs media spokesman Lesley Gamini said the two container loads of scrap copper had been attempted to smuggle declaring them as equipment needed for garment factories. The confiscated stock of scrap metal is worth Rs. 22.5 million, he added.

Export of copper comes under heavy scrutiny from Customs Department and exporters need to obtain a special license from the government to legally export copper scrap. The government has imposed 30% Cess Tax to discourage copper scrap exports.

Sri Lanka imports 6.2 billion worth of copper annually for various local industries that need copper as raw material. It is estimated that 70 percent of the country's annual copper requirement can be balanced if Sri Lanka can halt the illegal export of copper.

ColomboPage - Recent 10 Stories
Norway grants Sri Lanka NOK 39.7 million to fight against fisheries crime
-- [0 minutes ago]
Canada and UNFPA-Sri Lanka join forces to end gender-based violence in the workplace
-- [22 minutes ago]
Sri Lanka Navy chief advises strengthening maritime security through a proactive strategy
Sri Lankan government not to accept money from tobacco companies
Sri Lanka to hold National Anti-Corruption Summit in Colombo
Sri Lanka AG withdraws case against Basil Rajapaksa
Jayalalithaa did much to establish a strong sense of fellowship between India and Sri Lanka - PM
Sri Lanka negotiating release of nine sailors in Yemen
Sri Lankan President condoles the demise of Tamil Nadu politician Jayalalithaa
Sri Lanka tourist arrivals increase 16 percent in November 2016

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.