Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan government allows private sector to maintain bonded warehouse for imported goods clearance
Mon, Oct 22, 2018, 08:18 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 22, Colombo: The government has decided to grant permission to the private sector for operating warehouse facilities for the clearance of goods imported from less than a container or the LCL Cargo imported to Sri Lanka.

According to the powers vested in Minister of Finance and Mass Media under the Sri Lanka Customs Ordinance, the Minister of Finance and Mass Media Mangala Samaraweera recently signed the gazette notification for the Regulations enacted.

The new regulations which will be effective from the 1st of October allow not only the clearance of imported goods and the export activities but also the re-export through the bonded warehouse.

License from the Department of Customs can be obtained under the approval of the Minister of Finance in order to establish this warehouse at a reasonable distance easily accessed from the International Port and Airport. The annual license fee of Rs. 500,000 will be charged.

Meanwhile permission has been granted to run the bonded warehouses for large scale pharmaceuticals, dairy and the capital goods imported for the investment of garbage management, as per the budget - 2018. Tax relief has too been granted to these capital goods.

 

ColomboPage - Recent 10 Stories ::
President to launch National Drug Eradication School Week tomorrow from North
-- [3 hours ago]
Fall armyworm menace cancels leave for agriculture officials
-- [4 hours ago]
Health Minister not afraid of criticism to take decisions for benefit of people's health
-- [5 hours ago]
Special island wide police operation nabs 3808 people
-- [5 hours ago]
India-built 150 new houses handed over to plantation workers in Nuwara Eliya
-- [6 hours ago]
Car-lorry collision kills six people in Sri Lanka
Public Health Inspectors to launch token strike on Monday
Police arrest 21 youths with drugs on pilgrimage to Sri Pada
Sri Lanka Navy arrests four illegal immigrants attempted to enter the country from northern sea
Sri Lanka's oDoc wins Rs. 42 million grant from the GSMA Ecosystem Accelerator Innovation Fund

Copyright © 2000, 2016 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.