News Update :

SL Customs in final stages of full automation

Saturday, December 1, 2012

Sri Lanka Customs is in the final stage of automating whatever procedures that could be automated to ensure that legitimate trade is facilitated with a minimum delay and minimum cost said, Dr. Neville Gunawardena, Director General of Customs addressing the annual members – evening and fellowship of the Imports Section of the Ceylon Chamber of Commerce held on Wednesday in Colombo.

He said paperless clearing system installation is in the final stages, and the main objective is to go paperless which would immensely benefit exporters and importers.

The ASYCUDA World system was in the process of being fully implemented with air cargo too covered in a short span of time he said.
Dr. Neville Gunawardena. Picture by Sudath Nishantha

For the first time in the history a target was set up to collect over Rs one trillion as tax revenue in 2012. From which the Customs Department was entrusted with collecting Rs 570 billion on exports and imports. Rs 570 billion is approximately 57 % of Rs one trillion and that shows the contribution expected from the Customs Department towards the tax revenue. Generally in the first half of the year the department manages to collect 38 % and in the second half of the year 52 % of the target he said.

“In the second half of 2012 we have seen a decline in the imports of vehicles mainly due to the increase in duties and taxes.

The reason for this was last year the country's imports cost US $ 20 billion against US $ 10 billion export revenue. As a result the government decided to discourage certain imports.

The main target being motor vehicle imports. But statistics now show that there is a drop in all imports except of the construction industry were the imports of items such as cement and tiles have gone up. Other than that there have been a steep decline in other imports,”he said.

The objectives of customs can be divided into several areas. The main area is revenue collection, secondly the prevention of restricted and prohibited imports and exports, trade facilitation, coordination and cooperation with other stakeholders who intellect in import and export business and compiling statistics of imports exports and sharing it with stake holders. These are the main areas of the Customs, he added.
Source :
Share this Article on :


Unknown said...

PnLTrading – Online Forex Trading System teaching how to trade currencies. Learn to trade
the chart signals and make profits on the forex market.

Forex Trading System
Online Forex Trading
Trading Platform
Forex Software
Learn To Trade
Forex Signals
Forex Brokers
Trading Strategies
Automated Trading
Forex Market

nancy john said...

Forex trading is open 24 hours a day and therefore you need to ensure that the forex broker that you choose operates at all times of the day. 

trading mistakes

Post a Comment

You may like this


© Copyright Global News 2010 -2011 | Design by Thaha Naleem | Published by Magazine Templates | Powered by