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 Cyclonic Storm “Ditwah” moved further north from Trincomalee today evening leaving a trail of destruction including more than 90 deaths, over 100 missing and tens of thousands displaced, officials said.
A third rescue attempt to save 28 people trapped on the rooftop of a farm building in Vithikuliya, Nikaweratiya, has failed due to the dangerous water surge from the Deduru Oya.
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