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‘Unaccompanied baggage’ at Customs turns out to be goods with NOLIMIT tags!

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Customs officials have seized a stock of goods that were found to be imported after providing authorities with false information.

It is said that the goods, worth over Rs. 200 million, have been brought into the country as ‘unaccompanied baggage’ in two 40ft. containers and were seized upon a tipoff.

However, despite the paperwork claiming the goods to be as such, footwear with tags of the popular retail line – ‘NOLIMIT’ as well as perfume, were found in one container.

In the other container, more goods for trading, such as footwear, cosmetics, perfume, pet food, clothes, dried and pieced turmeric as well as chocolates were found, reports say.

Although authorities had informed the relevant addresses on the paperwork, the containers remain unclaimed so far.

Since the cosmetics and perfumes have been imported without the permission of the NMRA, they will be confiscated and destroyed in the future, Customs add.

Noting that the goods have been imported in this manner with the objective of reaping massive profits, Customs officials point out that the raid had prevented a case of massive tax evasion.

The containers were inspected by Deputy Minister of Economic Development – Prof. Anil Jayantha Fernando yesterday (Jan. 27). He was accompanied by several officials including Secretary to the President – Dr. Nandika Sanath Kumanayake, Director General of Customs – Sarath Nonis, as well as Additional Director General of Customs and media spokesman – Seevali Arukgoda.

According to reports from Customs, 03 more such containers are to be inspected and necessary legal action to be taken.

Customs sources also say that several large scale clothing retailers have been charged with evading taxes.In a local context, ‘unaccompanied baggage’ refers to personal items that a traveler is bringing into Sri Lanka but are not physically carried with them at the time of their arrival. The goods, shipped separately, must arrive within a specific time frame after the person’s arrival to be considered for duty-free clearance as personal belongings.

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Over 18,000MT of salt imported to address shortage

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Sri Lanka has imported 18,163 MT of salt between May 22 and June 07, according to Customs.

The total cost of these imports amounted to approximately Rs.1,291 million, with Rs.720 million paid as taxes.

The imports are part of efforts to address the ongoing salt shortage, with a total target of 30,000 MT to be brought into the country.

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CBSL advises banks to further assist affected SMEs

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The Central Bank of Sri Lanka (CBSL), with a view to facilitating sustainable revival of businesses that were adversely affected during the recent past has advised the licensed commercial banks and licensed specialised banks (hereinafter referred to as licensed banks) to provide further concessions to those SME borrowers who commenced discussions for business revival with the respective banks by 31.03.2025. 

These relief measures are in line with Circular No. 04 of 2024 dated 19.12.2024 on Relief Measures to Assist the affected SMEs and the Addendum Circular No. 01 of 2025 dated 01.01.2025.

Accordingly, licensed banks have been advised to provide further concessions including interest reliefs and new lending to affected borrowers while the timeline given to the licensed banks in Circular No. 04 of 2024 to enter into reschedulement agreements with eligible SME borrowers has been extended from 15.06.2025 to 30.06.2025.

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Qantas to close budget airline Jetstar Asia

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Singapore-based budget airline Jetstar Asia will close down at the end of July, its Australian owner Qantas has announced.

The low-cost carrier has struggled with rising supplier costs, high airport fees and increased competition from other airlines in the region.

Qantas says the closure will provide it with A$500m ($325.9m; £241.4m) to invest towards renewing its fleet of aircraft, adding that it will redeploy 13 planes for routes across Australia and New Zealand.

The closure of Jetstar Asia will not impact its Australia-based Jetstar Airways operations, nor those of Jetstar Japan, according to a statement from Qantas.

“We have seen some of Jetstar Asia’s supplier costs increase by up to 200 per cent, which has materially changed its cost base,” said Qantas Group Chief Executive Vanessa Hudson in the statement.

The discount airline, which has operated flights for over 20 years, is set to make a A$35m loss this financial year.

(BBC News)

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