Deputy Minister Sounds Alarm on Illegally Imported Goods
In a decisive move aimed at safeguarding local businesses and upholding trade regulations, Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe, has issued a stern warning to traders regarding the dangers of dealing in illegally imported goods. With an emphasis on the need for transparency, he stressed that traders must refrain from accepting products smuggled into the country or those imported without appropriate taxation.
In a recent social media address, Abeysinghe elaborated on the government’s initiative of conducting “backward audits.” This process will trace goods from retailers back to their suppliers and importers, ensuring that all requisite Customs duties have been duly paid and that the products have not been undervalued. The Deputy Minister highlighted the necessity for traders to secure a legitimate invoice for every product they intend to resell, complete with the specifications of the manufacturer or importer.
Combatting Undercut Pricing and Product Dumping
Abeysinghe’s warning follows a significant crackdown by the Consumer Affairs Authority (CAA), which recently confiscated goods worth approximately Rs. 1.5 million during a series of 108 raids targeting illegally imported cosmetics and footwear. The raids, which took place on August 18 and 19, revealed that 84 business establishments did not possess proper receipts or invoices, raising suspicion about the legitimacy of their inventory.
The inspections uncovered a variety of products including skin-lightening creams, perfumes, and sports shoes, all subject to stringent regulations. Abeysinghe urged the public and traders alike to report any occurrences of unusually low pricing, which may indicate illegal dumping practices, directly to the Ministry of Industry.
Legal Clarifications on “On Approval” Bills
Additionally, the Deputy Minister brought attention to the illegal use of “on approval” bills, stating unequivocally that such documents lack legal recognition and are considered unlawful. This clarification is set to further protect legitimate businesses from unethical practices that threaten their viability.
The Sri Lankan government’s proactive approach reflects a commitment to maintaining fair trade practices and supporting local entrepreneurs against the influx of illegal goods. As the economy aims for stability and growth, the government’s stance serves as a reminder that safeguarding ethical commerce is essential for a thriving market.