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.
The government today granted permission for an Iranian warship with 208 on board to enter the country.
The United States has told Sri Lanka that the disposition of the Iranian naval vessel IRIS Bushehr and its crew is a matter for Colombo to resolve under its own laws and international obligations, while signalling it is in active talks with Sri Lanka to contain Iran’s threat to US interests.
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