National Chamber, SL Customs workshop on “Customs TIEP Scheme”

Thursday, 19 May 2016 00:20 - - {{hitsCtrl.values.hits}}

The National Chamber of Commerce of Sri Lanka in collaboration with Sri Lanka Customs will conduct a workshop on “Inward Processing for Temporary Importation for Export Processing ( TIEP) “ on Tuesday 31 May 2016 from 3.00 to 5.00 p.m. at the Chamber Auditorium.

The TIEP Scheme is where the exporters can be relieved from the payment of Import duties and taxes, on the basis that imported goods are intended for manufacturing, processing or assembling in subsequent exports.

The purpose of TIEP-I will facilitate exporters and manufacturers to produce at lower cost and compete in the global context and encourage small and medium level businesses to use these facilities to maximise productivity.

Inputs permitted by TIEP-I are raw material, components and parts which will be incorporated in export products, parts for assembly of the product to be exported, raw material for producing packaging. The resource persons will be from Sri Lanka Customs Director M. Paskaran, Superintendent Thilak A Arachchi and Industry and Commerce Minister Acting Director (Sector Development) Rohan Jayathileke. Two Senior Commissioners from the Dept of Inland Revenue will contribute on the VAT applicable/exempted in this process at the Panel Discussion, where the participants will get the opportunity to find out more information on this Scheme.

For registration kindly contact the Chamber TP 4741788 Nirmani/Dilini or email [email protected]/[email protected] or fax 2689596.