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Importers secure higher gains from VAT increase

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In the backdrop of the 18% Value Added Tax (VAT) increase that comes into effect from today (Jan. 01), it is revealed that a large number of containers laden with goods by importers which is sufficient for 3 – 4 months, are at the Colombo port.

Due to an increase in imports, the congestion in clearance of goods had been extreme in the last days of December.

Speaking, Senior Director of Customs and Customs Spokesperson – Mr. Sivali Arukgoda said that there has been an unusual increase in importation of goods in the last few days.

He added that although the Customs usually receives between 1000 – 1200 containers per day for clearance, documents to clear 1774 and over 1600 containers were received on Dec. 28 and Dec. 29 respectively.

Customs says that this is about a 50% increase than the average daily volume of containers handled for clearance.

According to the Customs, all goods slapped by the 18% VAT has been imported in this manner.

The Customs has observed that goods such as food, clothing, floor tiles, bathroom fittings, building materials, electric equipment, computers, mobile phones and accessories and toys have been imported in this way.

As of last Saturday (Dec. 30), all that was left to be cleared were 320 containers left at the Colombo Port and 370 containers at the 03 inspection yards located outside the port.

All these too, were also cleared by last night (Dec. 31), the Customs add.

The Customs media spokesperson states that Customs officials had worked day and night to clear these containers.

The 18% VAT came into effect from midnight yesterday (Dec. 31) and it is said that many who had cleared all their goods ahead of the VAT implementation, will now sell them in the local market at a higher price and reap more profits.

(Source – Aruna)

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School outdoor activities suspended over soaring temperatures

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The Education Ministry has instructed all respective school authorities to refrain from making students participate in strenuous outdoor activities until Friday (March 01) at schools as temperatures are expected to rise further.

Accordingly, Sports Day events, sports practices or any other scheduled outdoor activities are urged to be suspended for the time being.

Provincial and zonal authorities of education have been instructed to brief school principals about the matter, the ministry said in a press release.

In addition, school administrations are required to comply with the health guidelines issued by the Health Ministry and the Education Ministry.

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Court suspends divestiture process of SLT & Lanka Hospitals

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The Court of Appeal yesterday (27) issued an interim order preventing authorities from proceeding with the divestiture process of Sri Lanka Telecom and Lanka Hospitals Corporation PLC, until March 12.

Three Petitions were filed for Sri Lanka Telecom PLC including by Lyca Mobiles, and S.M.R. M company, while two petitions were filed for Lanka Hospitals Corporation PLC including by Lyca Leasing Holdings.

Upon the oral submissions made by President’s Counsel Kuvera De Zoysa, Court of Appeal Justice D.N. Samarakoon issued notices on respondents, returnable for March 12.

The petitioners named Minister of Finance Ranil Wickremesinghe, State Minister of Finance Shehan Semasinghe, the members of the special Cabinet-appointed negotiating committee for the purpose of selecting pre-qualified bidders for the strategic divestiture pertaining to 51.34% shares of Lanka Hospitals PLC and several others as respondents.

Kuvera De Zoysa, PC with Raslka Dissanayake, Sajana de Zoysa, Dinusha Pathirana and Shablr Huzalr instructed by Sanath Wijewardane appeared for the petitioners.

The petitioners had informed the court that they had submitted bids per the required criteria for the divestiture of the Sri Lankan Government’s shares of 50.23% in Sri Lanka Telecom PLC and 51.34% in Lanka Hospitals Corporation PLC.

The petitioners alleged that, however, the Cabinet of Ministers had rejected the bids without providing any clear explanations, adding that the decision was against the law.

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Lankan convict in Gandhi assassination case passes away

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Santhan alias T Suthendiraraja, a Sri Lankan national who was one of the six convicts released in the Rajiv Gandhi assassination case, died on Wednesday morning at the Rajiv Gandhi Government Hospital (RGGH) in Chennai.

Santhan, who was released by the Indian Supreme Court in November 2022, was kept at the special camp near the Tiruchirapalli Central Prison.

Last week, the Foreigners Regional Registration Office (FRRO) in Chennai issued an order to deport Santhan to Sri Lanka, however, he was admitted to the RGGH for treatment for a kidney-related ailment.

Addressing the reports, E Thenirajan, Dean, RGGH, said that based on the directions of the Tiruchirapalli district collector, Santhan was admitted to the hospital on January 27.

Thenirajan said a team of doctors were treating him at the Intensive Care Unit (ICU) and constantly monitoring him. He said Santhan was diagnosed with cryptogenic cirrhosis or a liver disease.

“He suffered a setback to his health yesterday (Tuesday) night. He had lost consciousness and we were providing treatment. Around 4.30 am today (Wednesday), he suffered a cardiac arrest. He was revived following a CPR (cardiopulmonary resuscitation) procedure and was on ventilator support. However, he failed to respond to further treatment and passed away at 7.50 am,” he said.

Thenirajan said they would carry out the post-mortem procedures now and take further measures to send his body to Sri Lanka.

According to court documents, Santhan is believed to have fled then strife-torn Sri Lanka in 1991 and reached India by boat, along with Sivarasan, who led the assassination team and was never caught alive, and a few others. According to the Supreme Court order, Santhan’s role in the assassination of Rajiv Gandhi was direct and active.

Santhan was initially sentenced to death for his involvement in the assassination of former Prime Minister Rajiv Gandhi in 1991, however, his sentence was commuted to life imprisonment. He was released in November 2022, along with five other convicts, after spending over three decades in prison.

(The Indian Express)

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