Joint Chambers request urgent meeting over proposed security stamp

Joint Chambers request urgent meeting over proposed security stamp

Written by Staff Writer

08 Jul, 2014 | 10:27 pm

The Joint Chambers, comprising the Ceylon Chamber of Commerce, the National Chamber of Commerce of Sri Lanka, the Ceylon National Chamber of Industries, the Chamber of Young Lankan Entrepreneurs, the National Chamber of Exporters of Sri Lanka and the International Chamber of Commerce in Sri Lanka have written to the Minister of Co-operatives and Internal Trade, Johnston Fernando, requesting an urgent meeting with the Minister.

The heads of the Joint Chambers note that several of the chambers had made representations to the minister, requesting that the gazette pertaining to the compulsory security stamp for selected goods and services be rescinded.

The letter reads further that at a meeting held on May 13 at the Ceylon Chamber of Commerce, the Minister had assured that compliance with the scheme would be voluntary, but the gazette stands to date.

The Joint Chambers note that the security stamp scheme will not be in the interest of consumers, industrialists and other stakeholders, owing to the increased cost of essential items, the total outlay of billions of rupees to be paid to a foreign agent resulting in loss of foreign exchange, the disadvantage to the small and medium enterprise industry and the huge logistical problems presented by the scheme.

Thereby, the heads of the Joint Chambers have requested an urgent meeting with the Minister, to make clarifications.

Letters were also addressed to Dr. P.B. Jayasundera, Secretary to the Ministry of Finance and Planning, Rishad Bathiyutheen, Minister of Industry and Commerce and the Ministry of Traditional Industries and Small Enterprise Development, briefing them on the implications of the proposed scheme.

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