News
Ways and Means Committee takes aim at Customs fraud, orders AI App to bust misinvoicing syndicate
The Parliamentary Committee on Ways and Means has mandated the deployment of an Artificial Intelligence-driven application to combat customs corruption.This high-tech tool is designed to thwart the nefarious schemes of Customs officials who collude with importers and exporters to manipulate invoices, draining billions of rupees from the national coffers, parliament sources said.
The directive, issued by Committee Chairman Patali Champika Ranawaka, came during a probing session at the Parliamentary complex on Thursday.
Revelations from the investigation exposed a web of deceit, with officials clandestinely engaging in under-invoicing, over-invoicing, and ghost invoicing for hefty bribes.
Ranawaka said that in under-invoicing the exporters understate the value of their goods to evade taxes and duties. In over-invoicing the importers overstate prices to siphon US dollars abroad as official payments. Ghost invoicing also drains foreign exchange reserves, a fraudulent tactic where importers submit fabricated invoices to customs authorities. This deceitful practice includes generating invoices for non-existent goods or declaring deflated values to reduce duty payments, constituting a form of customs fraud.
Ranawaka said that mis-invoicing not only defrauds government revenues but also serves as a conduit for money laundering. The Global Financial Integrity Report unveils an annual hemorrhage of around four billion US dollars due to mis-invoicing. It is a favored tactic among money launderers.
Ranawaka said that there was an urgent need to integrate banking systems with the Customs Department’s ASYCUDA system, (Automated Systems for Customs Data) which is a computerized customs management system which handles manifest and customs declarations, accounting procedures, transit & suspense procedures and generate trade data that can be used for statistical economic analysis.
Customs officials were instructed to enlist local software developers to roll out the AI-powered application for enhanced scrutiny of imported and exported goods. Ranawaka instructed Customs officials to obtain the services of local software developers for the purposes calling for tenders, parliament sources said.State Minister Anuradha Jayaratne and SJB MP Ashok Abeysinghe were also present at the meeting.
Business
“ViYASA” National Business Facilitation Centre (NBFC) to be opened tomorrow (22)
The National Business Facilitation Centre (NBFC), which is being established under the Presidential Secretariat with the aim of removing administrative and regulatory barriers that exist among government institutions in relation to investment and industry and expediting these processes, will be opened tomorrow (22).
The centre is being established on the President’s initiative with the aim of bringing about a positive transformation in the industrial sector. The centre will provide solutions to issues that arise in dealing with the government machinery when starting and operating a business, while also coordinating with the relevant government institutions to provide the necessary facilities.
The “ViYASA” National Business Facilitation Centre (NBFC) has been established at Building C-80, Hector Kobbekaduwa Mawatha, Colombo 07, and is headed by Senior Additional( Secretary to the President, Seevali Arukgoda.
The centre will be opened under the patronage of Minister of Labour and Deputy Minister of Finance and Planning Dr Anil Jayantha Fernando and Minister of Industry and Entrepreneurship Development Sunil Handunnetti, with the participation of Secretary to the President Dr Nandika Sanath Kumanayake.
The website https://nbfc.presidentsoffice.gov.lk is also scheduled to be officially launched on the occasion.
President’s Media Division)
Latest News
Court of Appeal Judge M. Sri Mevan Anthony Edirimannasuriya Corea appointed as Acting President of the Court of Appeal
President Anura Kumara Dissanayake has appointed Court of Appeal Judge Mayadunna Sri Mevan Anthony Edirimannasuriya Corea as the Acting President of the Court of Appeal.
The appointment has been made as President’s Counsel Nalin Rohantha Abeysuriya, who currently serves as President of the Court of Appeal, will be overseas until the 24th.
Accordingly Judge Mayadunna Corea was sworn in as Acting President of the Court of Appeal before President Anura Kumara Dissanayake at the Presidential secretariat this morning (21).
Secretary to the President Dr Nandika Sanath Kumanayake was also present at the occasion.
(President’s Media Division)
Latest News
President instructs expediting further measures concerning Sivarasa Anojan, sentenced to death in Saudi Arabia
A discussion to review the further measures that could be taken regarding Sivarasa Anojan, a young Sri Lankan national who has been sentenced to death in Saudi Arabia, was held at the Presidential Secretariat this afternoon (21), under the patronage of President Anura Kumara Dissanayake.
The discussion focused on the measures taken to date concerning Sivaraasa Anojan and the further diplomatic and legal steps that could be pursued. Attention was also given to expediting the necessary further measures that could be taken to secure his release.
President Anura Kumara Dissanayake instructed officials to continue the necessary diplomatic engagement with the relevant authorities in Saudi Arabia and to maintain close and continuous involvement in all further measures concerning the case.
Reaffirming the Government’s continued attention to the safety and welfare of Sri Lankans living and working overseas, the President also stressed the need for the relevant ministries and institutions to work in close coordination and pursue all possible measures that could be taken in connection with the case.
Deputy Speaker Rizvie Salih, Deputy Minister of Religious and Cultural Affairs Muneer Mulaffer, Governor of the Western Province Hanif Yusoof, Secretary – Ministry of Foreign Affairs, Foreign Employment and Tourism Aruni Ranaraja, Secretary to the Ministry of Defence Air Vice Marshal Sampath Thuyacontha (Retd), Attorney General Parinda Ranasinghe and officials of the Ministry of Foreign Affairs, Foreign Employment and Tourism were also present at the discussion.
(President’s Media Division)
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