COLOMBO: Sri Lanka Custom’s Single Window System is to be implemented by the end of this year, Finance Ministry said in a statement.
Single window operation will do away the system of overlapping that will otherwise require submitting and processing the same information on numerous occasions to different entities.
Importers and exporters can use electronic funds transfer or online payments to pay Customs duties and levies associated with the clearance formalities of goods declared for import or export of cargo.
Sri Lanka Customs is also implementing an online payment system linking all the major banks in Sri Lanka, the Ministry said. The system enables the economic operators and trading partners to submit all import, export and transit information required by regulatory agencies via a single electronic gateway.
Chinese consortium to expand investment in Pakistan’s capital market infrastructure
ISLAMABAD: Chinese investors have reaffirmed their long-term commitment to Pakistan’s capital markets following the resolution of key regulatory matters by...
