The Finance Ministry has established a regulatory framework enabling exporters to enjoy Business to Customer (B2C) direct transaction exports worth up to US$3000 under an E-commerce initiative.
Accordingly, companies will not have to submit individual CusDec applications after each transaction. However, the release noted that the exporter would need to submit one CusDec application covering all transactions and the end of each month.
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Customs have detected 228 mobile phones and tabs valued at over Rs 30 million left behind in the duty free shopping complex at the Banaranaike International Airport today, Customs officials said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
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