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Modern Approach of Trading Using Sri Lanka Import Data
Since the last decade, the way of trading has drastically changed, with an emergence of new technology has pushed from human’s taking decisions to all the work being done with super fast computers. A few old traders who still have not accepted the new technological way of life can no longer make any money, but it does not imply that their business is dead. Only the profession and way of trading has changed, therefore a modern trader must adopt a new modern approach to trading internationally.

Sri Lanka Import Data

Sri Lanka import data helps to track each and every shipment that comes into the country either by sea, land or air. The country majorly imports mineral oils and fuels, vehicles, plastics, electric machinery, iron and steel, cotton, cereals, etc. Importers in Sri Lanka require an import license that can be availed for over 400 products with a 6 digit harmonized tariff system that is mainly for an environment, health and national security reasons. Apart from these importers are also required to pay 0.222% of the import price with a specified amount of fee. According to the Sri Lanka import data, importers are allowed to the amount of the import of goods using a letter of credit that is valid for 365 days, documentary collections or documents against acceptance. Goods can also be imported on the basis of consignment.

Basic documents required includes the invoice, insurance certificate, transportation documents and other certificates depending on the mode of payment, inspection certificates, packing lists, certificate of origin and other important documents related to the trading. Sri Lanka import data also suggest that importer must be able to reveal all the shipping documents that are certified by a bank to the customs declaration of Sri Lanka. The country has strict policies and closely scrutinizes the documentation. 

  • Seair Exim
  • 18-Apr-2017

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