Srilanka, March 2 -- Ports and shipping sector experts were disappointed over the non-inclusion of a new Customs Act in the annexure among other Acts to be introduced this year despite a reference made to it by President Anura Kumara Dissanayake in his Budget speech.
At a post Budget forum organised by the Institute of Certified Management Accountants in Colombo last week, Founder Shippers Academy International, Rohan Masakorala said that there had been many plans to develop the ports and shipping sector in the past but they were not implemented mainly due to bad governance and politics.
"The outdated Customs Act is the elephant in the room to promote trade facilitation and boost revenue through the ports and shipping sector. I was happy ...