International Trade General Knowledge
Web links to important articles explaining general concepts in international trade are listed below. The list is added to frequently. Methods of Payment in international trade: Documents against Acceptance How reliable the terms of payment in exports Is DP terms of payment safe in export business? How does Letter of Credit
Customs Notification/Order Under Section 10A of CO (24.06.2020)
By virtue of the powers vested in the Minister of Finance, Economic and Policy Development under Section 10A of the Customs Ordinance as amended by Act No.83 of 1988, the Minister has ordered a surcharge to be levied on the Customs duty on imports of Petrol having Octane number of
Wellington J.P. Rajapaksha & Others Vs. Jayatilleke, Director General of Customs & Others (08.06.2020)
Wellington J.P. Rajapaksha & Others Vs. Jayatilleke, Director General of Customs & Others [C. A. (Writ) 2014/2004 Decided on 08.06.2020]Download Judgement by Janak De Silva J, N. Bandula Karunarathna J agreeing. Scope of powers of DGC under Section 163 of the CO, whether he can set aside a forfeiture; Section 2 of
Regnis Lanka PLC Vs. M. M. Arthur Silva Deputy Director of Customs & Others (29.05.2020)
Regnis Lanka PLC Vs. M. M. Arthur Silva Deputy Director of Customs & Others [Case No. CA (Writ) 252/2015 decided on 29.05.2020]Download Judgement by Janak De Silva J, N. Bandula Karunarathna J agreeing. Appreciates the scope and ambit of the words "shall be forfeited" and "liable to forfeiture" in the Customs Ordinance;
Ace Distriparks (Private) Limited Vs. Goonawardana, Director General of Customs & Others(29.05.020)
Ace Distriparks (Private) Limited Vs. Dr. Neville Goonawardana Director General of Customs & Others [Case No. CA (Writ) 195/2012, decided on 29.05.2020] Download Judgement by Janak De Silva J, N. Bandula Karunarathna J agreeing. Sections 12, 44, 57, 59, 107,130 of the Customs Ordinance; Contraband goods; difference between "forfeiture" and "liable to