COLOMBO: Sri Lanka has cut an import license fee of 1.0 percent of import valued with freight charged on flavoured and non-flavoured tea and replaced it with a 1,000 rupee fee, according to a government notice.
The Minister of Development Strategies and Trade Malik Samarawickrama which was raised in February 2016. The import license fee are issued by gazette using the powers of the Import and Export Control At of 1969. The import control law and licensing is a key piece of legislation which promotes corruption, with licenses being used to give privileges to some importers. The abolition of the import control law can bring substantial freedoms to citizens, liberty advocates say.
