Business to Customer e- commerce transactions with overseas companies enabled

COLOMBO (News 1st) - The Ministry of Finance and Mass Media has established a regulatory framework enabling the Sri Lankan companies to initiate Business to Consumer direct E-Commerce transactions with overseas customers. Accordingly, companies or exporters in Sri Lanka can send goods of any number valued at a maximum of USD 3000 each without submitting the Customs Declaration (CusDec) application to the Sri Lanka Customs. However, at the end of the particular month, the exporter has to submit one CusDec application to Sri Lanka Customs covering all transactions.