Saturday, November 3, 2007

Export Procedures

Export Procedure for Gemstones and Jewellery Purchased in Sri Lanka:

A foreign buyer can export gemstones in two ways:
(1) Personally hand carry the gem stones or jewellery purchased - The buyer
will have to show proof that he has brought in or remitted the required
funds to purchase the items. The gemstones or jewellery can be personally
hand carried by the buyer and should be declared at airport customs on
departure. The buyer will have to present to customs all receipts for the
purchased items. There is no export duty to be paid.
OR:
(2) Seal the purchased gemstones or jewellery at the Sri Lanka Gem
Corporation and freight goods via a high value courier company such as
Malca-Amith or Brinks

Export procedure for foreigners:
(a) Commercial invoice should be prepared and handed over by the shipper to
the agent along with 10 copies manually signed.
(b) Customer should obtain a temporary Tax Identification Number (TIN
number) and G.S.T. number and register the same at the Customs department.
(c) Goods have to be sealed at the Gem and Jewellery exchange - in Colombo
or at the Katunayake Airport. A service charge of approximately 0.5% of the
invoice value will be applied.
(d) It is not necessary for foreigners to have a Gem Dealer license.
(e) If the customer obtains the temporary TIN number and G.S.T. number, all
other procedures can be handled by the courier company for a standard fee.

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