Sri Lankans now can sell their products on eBay

23 October 2018 11:05 am Views - {{hitsCtrl.values.hits}} 18 Bookmark

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Sri Lankans now can sell their products to overseas customers through e-commerce platforms such as eBay.

The Finance and Mass Media Ministry yesterday said a regulatory framework has been established to enable Sri Lankan companies to initiate business-to-consumer (B2C) direct e-commerce transaction with overseas customers.

Sri Lankan customers at the moment enjoy B2C e-commerce facility via eBay and other trading platforms but not vice versa.

“Accordingly, hereafter, companies or exporters in Sri Lanka can send goods in any number worth maximum of US $ 3000 each, without submitting a CUSDEC application to Sri Lanka Customs.

However, at the end of the particular month, the exporter has to submit one CUSDEC application to Sri Lanka Customs covering all transactions,” a Finance and Mass Media Ministry statement said.
The new regulations will allow any Board of Investment-approved enterprise or hub enterprise, registered business enterprise or any individual registered exporter to engage in B2C operations.

Comments - 18

Yahiya Tuesday, 23 October 2018 12:27 PM

Make easy of paper work.

0 38

zamaan Tuesday, 23 October 2018 01:41 PM

You fools fist enable PayPal to receive the funds.

0 86

bandara Tuesday, 23 October 2018 08:07 PM

Agree. Our banks are dumb as shit. 1. Why 3000$ limitation? decider's dead grand ma told him to limit it? Don't want Sri Lanka get rich by exporting? Why need reporting to customs again? IRD is the one should we should report our income and pay income tax.

0 31

tarzan Tuesday, 23 October 2018 01:53 PM

never trust sri lankan policies because overnight they tell vice versa

0 49

Saman Tuesday, 23 October 2018 02:10 PM

Main means of payment on eBay is PayPal. Without the facilities to withdraw money from Paypal, this is useless. The government should allow PayPal money withdrawals immediately if this needs to be successful.

0 52

Sachith Tuesday, 23 October 2018 03:39 PM

Exactly. This is useless without PayPal.

0 37

Cj Tuesday, 23 October 2018 02:43 PM

Whats the point of this if you cant receive the payment via paypal?

1 39

Lord Wolfstein Tuesday, 23 October 2018 02:45 PM

My company needed 3 month to get the permanent TIN registration for exports from the custom. My manager wasted 22 working days for this rubbish to get all the required documents (about 20). No surprise that the government can not get exporters who are bringing foreign currency into Sri Lanka

0 47

hahahaaa Tuesday, 23 October 2018 04:09 PM

ebay is as good as a dead body

13 8

Arnold Tuesday, 23 October 2018 04:17 PM

Exporting tea is the hardest of them all.

0 6

Sajitha Perera Tuesday, 23 October 2018 05:10 PM

How can exporters get their money back without Paypal inwards to Sri Lanka payments?? Problem is not selling on ebay but getting paid through paypal.Are policy markers so dumb??

0 31

Seg Tuesday, 23 October 2018 05:39 PM

This a good step taken in the correct direction ... eBay is not the only way to sell online. Next step should be PayPal. And people also should file taxes properly for everything to work properly .

7 2

Royce Tuesday, 23 October 2018 05:52 PM

What kind of absolute Mutts run this country? Sell and how do we get the money ? What class A idiots I tell you.

0 18

Karuna Tuesday, 23 October 2018 07:55 PM

Mehemath bahubutha saha mandabuddhika anduwak!

0 7

Harumph Tuesday, 23 October 2018 08:17 PM

Can we sell My3 and our polytikkas on this? And send them off without a return address?

0 19

nirmal Tuesday, 23 October 2018 09:10 PM

Last 5 years i do sell product through ebay but money can not be tranfered to my local account .

0 11

Jimbo Tuesday, 23 October 2018 10:20 PM

It looks like the finance ministry officials do not know the modus operandi of eBay. First they should get an idea of what eBay is and how it operates. Then formulate policies for implementation. Get some good consultants to run the ministry.

0 11

Jila Wednesday, 24 October 2018 02:00 PM

Another joke.. damn these fools. Feel sorry for living in a country rule by these Jokers.

0 5

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