Published On: Fri, Jul 21st, 2017

Sri Lanka Customs launches online payment platform for customs clearance

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Established in 1809 more than 200 years ago, Sri Lanka Customs is one of the oldest customs administrations in the world. The Sri Lankan customs, which are in the forefront of the promotion of a technologically advanced customs operation in this region, have come up with a state-of-the-art Platinum Platinum Platinum Platinum Platinum Platinum Platinum retrieval platform and have set a new page in the history of customs. Hon. Eran Wickramaratne, State Minister of Finance and Mass Media and Mr. Indrajith Coomaraswamy, Governor of the Central Bank of Sri Lanka at the Cinnamon Grand recently.

Prior to the launch of this breakthrough platform, it was only possible for the importers and merchants who maintained accounts at the state and commercial banks of the Bank of Ceylon and People’s Bank to directly pay online. In order to obtain a payment order from their bank accounts, they had to make a payment order for Sri Lanka Customs as a beneficiary to collect a payment order and take it personally to one of the two state banks and as a beneficiary. But this innovation only makes a 50 rupees fee for a nominal fee for the payment of customs duty on behalf of their bank for the import of goods to import traders. This is the maximum fee charged by the Central Bank to impose a credit to a bank to presently be used by a bank. This new system will completely disappear the earlier inefficient payment process that caused unnecessary delays and the impact on trade in imports and exports.

This ambitious project was launched with the support of the Monetary Board and the Central Bank of Sri Lanka, with the approval of the Sri Lanka Customs to approve and regulate any payment system in Sri Lanka to meet the long-awaited requirement of traders engaged in the import and export of goods. The Sri Lanka Customs Innovation now offers a merchant import / export trader in any bank to now have the option to pay online via his online banking facility.

This innovation was introduced as a result of a request by the Central Bank of Sri Lanka to provide facilities for businesses engaged in the import and export of goods to Sri Lanka through online banking through online banking. Accordingly, LankaClear (Pvt) Ltd has taken steps to implement the Lanka Payay Online Payment Platform based on the order of the Monetary Board and the Monetary Board. This online payment platform facilitates customs payments through all commercial banks. The Lanka Payments Internet Platform is designed to communicate with the Sri Lankan Customs using the ASYCUDA system and the payment platform is also linked to LankaClear’s Common Electronic Money Transfer Banks.

Now, customers are allowed to make a custom electronic payment via the Internet, mobile phone, ATM or counter. These payments are credited to accounts at the same time and are available for 24 hours throughout the week. LankaClear makes the payments immediately to the Sri Lanka Customs and reports and other relevant information for mutual and reconciliation purposes. The settlements between the two state banks and other commercial banks will be subject to direct regulation and monitoring on the Central Bank through the Central Bank of Sri Lanka, through the Real Time Gross Settlement System (RTGS).

The LankaClear payment system is accredited with the PCI-DSS 3’2 (Payment Card Industry-Data Security Standards) and ISO 27001 (2013) standards .This standard is internationally recognized and is widely used to ensure secure payment and secure transactions. Policies and programs are followed, mainly by Bank of Ceylon, Sampath Bank and Commercial Bank. It will take place, with the other seven banks already going to settle their operations, in the near future.

Commenting on the new developments, Chulananda Perera, Director General of Sri Lanka Customs stated, “I am proud of the success of the Sri Lankan customized information and communications sector in Sri Lanka, which has tirelessly worked with the Central Bank, LankaClear and Commercial Banks to further advance this nationally important introduction. This is one of our core innovations and this will meet the long-awaited demand of our trading community. The Sri Lankan customs have been intensively investing in enhancing our role in delivering an improved service to merchants and the public, through import and export, and this launch is only one positive step for me. “

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Sri Lanka Customs launches online payment platform for customs clearance