Daily News Online
 

Saturday, 22 August 2009

News Bar »

News: Grants for housing ...        Political: Special statement not permitted ...       Business: Downward interest rates encourage borrowers ...        Sports: Usain Bolt(s) to second world record ...

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | SUPPLEMENTS  | PICTURE GALLERY  | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Customs to introduce best practices in imports

The Customs Department will introduce the best practices in imports, warehouse bonding and priority clearing in the near future by computerizing all procedures which would minimize manual work and cost, said Director General Customs Sarath Jayatilake.

He was speaking at the Annual General Meeting of the International Chamber of Commerce Sri Lanka (ICCSL) at the Taj Samudra Hotel yesterday.

Jayatilake said that the present system in the department is too complicated and the department is saddled with high costs. The Customs is doing a gap analysis to improve this system and called upon the trade chambers to make it a success.

The Chief Executive Officer, ICCSL Gamini Peiris said that the ICCSL was closely associated with the Customs in the issuance and receipt of ATA Carnet Certificates which is an internationally recognized Customs document accepted in Asia, Africa, America and the European Union.

It enables the holder to send goods to foreign countries as Commercial Samples, Exhibits for Trade Fairs and exhibitions and as professional equipment, duty and tax free.

The Carnet is popularly known as the passport for goods which is one of the best examples of private and public partnership. The holder benefits by not having to post securities, guarantees or bonds at various entry points. The holder also does not have to carry a large amount of foreign currency. The customs on the other hand benefits by receiving all relevant information regarding an importation in one document. It saves time, energy and money to all parties concerned, he said.

Peiris called upon members to obtain the Certificate of Origin issued by the ICCSL and in the future the ICCSL would obtain membership in the Commercial Crime Services of ICC to assist the business community.

At present there is no effective mechanism to find the credibility of prospective buyer or seller.

The CCS with its global connections undertakes to provide such information to its clients. He said that when a cargo vessel goes missing due to piracy or some other fraudulent act the CCS does the investigations to locate the missing shipment.

ICCSL also collaborates with the Legal and Social Development Foundation to hold examinations of the Institute of Arbitration of Singapore which is a positive measure to bring down the costs borne by candidates who otherwise would have to travel to Singapore. The certificate issued by them would greatly enhance the chances of migration, he said.

The incumbent Chairman of the International Chamber of Commerce Sri Lanka (ICCSL) Tissa Jayaweera was unanimously re-elected to serve another term at the Annual General Meeting. The five Vice Chairmen elected include Granwille Perera, Navaz Caffoor, T. Someswaran Mangala P.B. Yapa and M. Z. M. Ghouse.

EMAIL |   PRINTABLE VIEW | FEEDBACK

www.lanka.info
www.army.lk
www.news.lk
www.defence.lk
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lanka
www.peaceinsrilanka.org

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright © 2009 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor