US EditionCustoms Takeover of BOI Trade Clearance Sparks Investor Backlash - LNW Lanka News Web
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Customs Takeover of BOI Trade Clearance Sparks Investor Backlash - LNW Lanka News Web
By: Staff WriterAugust 12, Colombo (LNW): Sri Lanka Customs (SLC) is set to take over import and export clearance functions from the Board of Investment (BOI) by October 2025, a move buried in the latest International Monetary Fund (IMF) program review that has triggered alarm among investors.The IMF’s July 2025 report reveals that the Government, citing “possible revenue leakage,” agreed to shift the BOI’s long-standing trade facilitation role …
Bombshell on BOI investors
After 25 years of failed lobbying, Sri Lanka Customs (SLC) is using the Government’s two-thirds power and the International Monetary Fund (IMF) program to discreetly creep into an area that was considered much-needed trade facilitation and speed for Board of Investment (BOI) investors on special economic zones. ..
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