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Customs revenue drops by 12% due to import restrictions

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The government has paid attention to remove import restrictions imposed on a number of goods including medicines and household appliances required by several industries,
State Minister of Finance Ranjith Siyambalapitiya said.

He expressed these views after a discussion held at the Customs Headquarters yesterday (18). The revenue of Customs in the first quarter was also discussed during the meeting.

The state minister said that a thorough study is being conducted with the Economic Research Department of the Central Bank regarding the removal of restrictions on these goods.

He said that although a target of Rs.270 billion had been given to the Customs for the previous quarter, the revenue was 12 percent less than the expected amount mainly due to import restrictions.

In 2021, 485 goods including vehicles were restricted from importing while 750 items were restricted from importing in 2022. The state minister said the decline in the value of the US Dollar in March also led to the inability to reach the revenue targets.

The state minister said that they hope to introduce methods like digital technology to the Customs, and update the Customs codes in the future. “This will help successfully overcome upcoming challenges,” he said.

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2 nabbed with gold at BIA

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Two air passengers attempting to smuggle gold worth Rs. 210 million concealed among vehicle spare parts, were arrested by the Criminal Investigation Department (CID) yesterday (May 15).

The suspects, a 26-year-old from Grandpass, Colombo, and a 46-year-old from Rambukwella, Kandy, had arrived from Dubai on Emirates flight EK-650 at 8:30 am.

Both individuals are believed to be couriers operating on behalf of local businessmen, frequently transporting goods from abroad.

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Wimal slams govt. over salt prices

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Leader of the National Freedom Front (NFF) – Wimal Weerawansa has stated that while it took 76 years for the price of a salt packet to reach Rs.60, the current government managed to raise the price to Rs. 400 within just seven months.

He made these remarks yesterday (May 15) during a media briefing held at the NFF headquarters in Colombo.

Weerawansa heavily criticized the current government, saying that although it operates under the banner of a so-called “renaissance”, it is in fact a government that fails to take any meaningful decisions.

“It took 76 years for a packet of salt to cost Rs.60. However, within 07 months, this government had raised the price to Rs.350 – Rs.400. This is the drama of the so-called renaissance.”

He also ridiculed the government’s narrative that the salt shortage is somehow part of a shift toward healthy eating habits.

Weerawansa emphasized that the current crisis reflects the government’s incompetence and insensitivity to the grave economic hardships faced by the people.

No salt produced this year – Lanka Salt Chairman

Meanwhile, Chairman of Lanka Salt Ltd. – Mr. D. Nandana Thilaka has stated no salt has been produced this year due to continuous adverse weather and rainfall.

He said that this adverse weather conditions has affected not only Hambantota but many other salt producing areas including Elephant Pass.

He further explained that in 2024, the company had planned to produce 125,000 MT of salt, but adverse weather conditions only allowed for the production of 40,000 MT.

Usually, salt harvesting starts in March every year, but the poor weather conditions have hindered this, according to the chairman.

While there has been a shortage of salt crystals in the market, table salt stocks remain unaffected, he clarified.

He further stated that Lanka Salt Ltd. had issued 100,000 packets of 400g table salt to Lanka Sathosa on May 14, and another 100,000 packets were to be issued yesterday (May 15).

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Islandwide investigation over substandard fertilizer racket

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The National Fertilizer Secretariat has launched an islandwide investigation to identify and remove substandard fertilizer from the local market.

The probe is being carried out through district Assistant Directors islandwide.

Director of the secretariat – Mr. Chandana Lokuhewage states that the investigation commenced following the recent raid of substandard fertilizer in the Polonnaruwa area.

Police had seized 1,565 bags of urea fertilizer during the raid in Siripura, Polonnaruwa.

Samples from the seized stock are to be sent to Colombo for laboratory testing, Lokuge confirmed.

12 suspects arrested in this regard have been remanded until May 28 after they were produced before the Dehiattakandiya Magistrate’s Court.

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