A series of decisions essential for the growth of Sri Lanka’s gem and jewellery industry were taken at a meeting last week convened by the Customs at the request of the National Gem and Jewellery Authority (NGJA) and the Sri Lanka Gem and Jewellery Association (SLGJA).
The following decisions were taken, according to the NGJA:
(a) To have a specially designated Customs office to process gem and jewellery import consignments at the arrival area of the Bandaranaike International Airport.
(b) To implement a speedy process of handing over the gem and jewellery import parcels after Customs formalities placed in a secured pouch to the importer, to bring them within three working days to the Customs Unit at the NGJA Colombo Office for inspection and release.
(c) To allow the above clearance procedure to those dealers who obtain foreign exchange as per 2012 budget proposals to procure gems from other producing countries.
The NGJA statement said the industry will benefit from these decisions, which would substantially reduce the time taken to clear import parcels, with the resultant advantages to industry stakeholders who operate on time constraints. |
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