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Last Updated : 2024-04-29 02:09:00
13 November 2023 01:43 pm - 1 - {{hitsCtrl.values.hits}}
As a primary step to improving Sri Lanka's deeper connectivity with foreign trade and global markets, the budget 2024 proposes to eliminate non-tariff import taxes, including import CESS, Port, and Airport Levies.
President Ranil Wickremesinghe's aid easing of these taxes will be phased out through 3 to 5 years.
He also said steps will be taken to further modernize the customs laws to prepare the customs laws of Sri Lanka according to global best practices.
Saman de Silva Monday, 13 November 2023 02:45 PM
The corrupt Customs officers have been harassing and abusing importers to get from the govt the 40% reward for forfeiture penalties to gain legal personal benefit. Govt should modernise the reward scheme to prevent its abuse.
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