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Journal of Innovation in Science, Engineering and Technology

Abstract

As has been stipulated in the 'development roadmap for Sri Lanka' (Mahinda Chinthanaya), the state authorities of Sri Lanka have undertaken to develop and promote the economy and society through, particularly, the establishment of five hubs (Naval hub, Aviation hub, Commercial hub, Energy hub and Knowledge hub) of which the Customs and Legal Framework considered from a trade and industry points of view is supposed to play a highly significant role. Of this, an effective border management system should complement national development objectives as envisaged by the regime in power. The proposed study aims to derive a qualitative assessment of the crucial role played by the Customs in the present context and provide insights for the way forward. This research has been carried out by examining and investigating the literature available in the public domain that contains different indexes and rankings in relation to international trade. This article focuses on the status of the relevant laws, regulations, administrative guidelines, and standard operational procedures that demand thorough review in making desired and effective reform of them. Sri Lanka is party to the lnternational Convention on the Simplification and Harmonisation of Customs procedures. Fundamentally, a comprehensive and modern legal framework is the foundation upon which an effective Customs and trade facilitation regime should be built. A lot of improvement is evident in the present processes of Customs in Sri Lanka. Information Communication Technology is extensively used by customs authorities to offer better services to their stakeholders. The conclusions refer to author's analysis with respect to Competent Customs offices; Payment of duties; Resources; The mutual administrative assistance; and Examination and Release of Goods were provided based on the convention.

Pages

35-44

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