Thu, 20 Jan 2022 Today's Paper

Customs, banks instructed not to facilitate palm oil imports

6 April 2021 01:04 pm - 1     - {{hitsCtrl.values.hits}}

A A A

The Imports and Exports Control Department has issued a directive to all commercial banks and Sri Lanka Customs to not to facilitate the processes of palm oil importation with immediate effect.

The order follows President Gotabaya Rajapaksa’s decision to completely ban palm oil imports in refined or crude form with immediate effect, along with a decision to completely do away with the cultivation of oil palm and phased out the removal of what is already cultivated.

Commercial banks have been instructed not to effect advance payments nor establish letters of credit (LCs) with immediate effect. The banks are also instructed to refrain from releasing any documents to assist the clearance of palm oil shipments at Sri Lanka Customs, and not effect payment in such instances until further notice.

 
See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 1

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.
  • Umar Perera Tuesday, 06 April 2021 06:38 PM

    Is this a prequel to imports of oil from elsewhere which gives the bigwigs a higher commission?


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.