6 September 2016 12:00 am
The Import Section of the Ceylon Chamber of Commerce is organising a seminar to discuss the proposed new Customs Law and the change in the current Customs Ordinance.
The upcoming discussion will focus on areas such as understanding the changes, how it will benefit the trade, how the new law will cover online payments and e-document submissions, how it will boost international trade, what changes will be imposed on investigations and penalties and also discuss whether the new law is aligned with the modern world business.
The government has taken a policy decision to enact a new Customs Act in place of the existing Customs Ordinance of No 17 of 1869 as amended to suit the present-day requirements in international trade activities and there by this new law will be presented to parliament. The Cabinet Committee on Economic Management (CCEM) chaired by Prime Minister Ranil Wickremesinghe has granted approval for this enactment of the proposed new Customs Act through the decision No. 25/05/2016/05. Accordingly, this new Customs Act will come into force on such date determined by the minister and announced by a notification in the Government Gazette.
The seminar will be held on September 9, 2016 starting at 9:00 a.m. at the Ceylon Chamber of Commerce.
The forum is designed for exporters, importers, freight forwarders, carriers, traders, logistics providers, container operators and all in Customs and port operations.