IMEXWAY

The Scheme for ENTREPÔT TRADE provides for the import of goods and re-export to a third country without having to pay Customs Duty and levies in Sri Lanka. 

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Goods imported for entrepôt trade could be directly re-exported or could be deposited in a bonded warehouse for subsequent re-export with or without processing.

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The scheme permits

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• Import of goods usually without import control license (* please refer import & export control regulations),

• Trade on NFE basis (Budget Proposal 2017),

• Meeting of buyer’s requirements by simple processing such as re-packing or re-labeling etc.,

• Switching of Bills of Lading changing the status to transshipment to divert the cargo to a consignee in a third country on a request made by the original consignee in Sri Lanka to the shipping agent/airline.

 

Prohibited Trade

• Narcotics,

• Arms and Ammunition,

• Goods which are prohibited in international trade by International Conventions.

 

Restricted Trade

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• Re-export of Cloves to countries under PTA,

• Re-export of textile and clothing to countries who are allocating annual quotas,

• Please refer import & export (control) regulations.

 

Warehousing of Goods

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• Public Bonded Warehouses of SLPA (CFS3/CFS5)

• Private Bonded Warehouse (Section 69)

• Transfer from inward to outward ship/aircraft is also allowed under Customs supervision without warehousing

 

Facilities @ Sri Lanka Ports Authority

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• Port of Colombo Bonded Warehousing,

• Goods other than dangerous & perishable goods,

• Cool Room facility,

• 24Hrs Security service provided,

• Entrepot operations can be carried out in front of B1 Bonded Warehouse, 

• Small processing such as repacking and re-labeling allowed at B.

 

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LIABILITIES & SECURITIES

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Movement of goods within the Port

• No security is required

• No Customs supervision

 

Movement of goods from Port to Bond

• Bank/Corporate Guarantee to cover liabilities

• Under Customs Supervision

 

Movement of goods from Port to Port

• No security is required

• No warehousing of goods

• Under Customs Supervision

 

TERMS & CONDITIONS

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Import

• Exchange control regulations are applicable,

• Actual country of origin shall be declared.

 

Re-Export

• Exchange control regulations are applicable,

• Re-Export under DA not permitted,

• Re-Export FOB > Import CIF,

• Country of Origin Shall not be changed.

 

Discharge of Liabilities

• Within one month from re-export, on the production to Customs:

• Export bill of lading,

• Export invoice with confirmation on inward remittance by the Bank.