1. National Chamber of Commerce Sri Lanka
ENTREPÔT TRADE
31 May 2016
for
National Chamber of Commerce Sri Lanka
Thilak Arumapperuma Arachchi
Superintendent of Customs
Export Facilitation Unit
Industries and Services Directorate
Sri Lanka Customs

2. Entrepôt
An entrepôt (French for "warehouse") or transshipment port is a port, city, or trading post where merchandise may be imported, stored or traded, usually to be exported again. These commercial cities spawned due the growth of long- distance trade. (Wikipedia)

3. Entrepôt Trade
Import of goods and re-export to a third party with value addition without payment of Customs Duties
An important aspect of Commercial Hub Ports

4. Entrepôt Trade Bonded warehouse T/S Cargo Re-stuffing Re-Shipment
Simple value addition
Labeling
Re-packing
Re-stuffing
Re-Shipment

5. Benefits of the Scheme No import control license
Re-Export of goods ‘as imported’ with a value addition
Meet buyers requirements by way of simple processing
Re-packing
Labeling
Trade from one country to another without the goods physically landing in Sri Lanka
Exploit the country’s strategic location in the maritime network

6. Prohibitions and Restrictions
Prohibited
Narcotics
Arms and ammunition
Goods prohibited under international conventions
Restricted
Cloves re-export to countries under preferential trading agreements
Textile and clothing – re-export to USA, Canada, India, Austria, Italy, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Spain, Luxembourg, Sweden, Netherlands, Portugal, and UK.

7. Warehousing of goods Public Bonded Warehouses of SLPA (CFS3/CFS5)
Private Bonded Warehouse (Section 69)
Transfer from inward to outward ship/aircraft is allowed under Customs supervision without warehousing

8. Security and Liabilities
Movement of goods within the Port
No security is required
No Customs supervision
Movement of goods from Port to Bond
Bank/Corporate Guarantee to cover liabilities
Under Customs Supervision
Movement of goods from Port to Port
No warehousing of goods

9. Terms and Conditions Import Re-Export
Exchange control regulations are applicable
Actual country of origin shall be declared
Re-Export
Re-Export under DA not permitted
Re-Export FOB > Import CIF
Country of Origin Shall not be changed

10. Application for Approval
Approval must be obtained case by case
A letter of application to Director of Customs (Industries and Services) for approval
Import and Export vessel Names
Bill of lading number
Description and quantity of goods
Import commercial invoice number and the date
Import value of the goods with terms of delivery (CIF)
Destination of re-export
Re-export value of the goods with terms of delivery and the gain
Undertaking to re-export within the granted period or to pay Customs Duty and Levies and remove the goods for home use.
The warehouse code / for CFS3/CFS5 is linked to the TIN of the applicant for a period of one month
This facilitates the processing of CusDec for depositing goods at CFS3/CFS5

11. Import Process CusDec At Warehouse Keeping Unit (WHK)
At Industries and Services Directorate - Office code – CBBD1
Customs Procedure Code –
Warehouse Code – /
At Warehouse Keeping Unit (WHK)
Updates the bonding register
Endorsements on the CusDec
Channel Selection (Selectivity)
Appointment of officers for examiantion

12. Re-Export Process CusDec At Warehouse Keeping Unit (WHK)
At Industries and Services Directorate - Office code – CBBD1
Customs Procedure Code –
Warehouse Code –
At Warehouse Keeping Unit (WHK)
Updates the bonding register
Endorsements on the CusDec
Channel Selection

13. Writing-off Liabilities
Within one month from re-export
Export bill of lading
Export invoice with confirmation on inward remittance by the Bank
At Warehouse Keeping Unit (WHK)
Writing-off of liabilities in THINETH
Endorsement on CusDec “Cancellation Allowed”

14. Extension of period Letter of application for extension with reasons
Re-Export vessel and date
Re-Export value and gain

15. Sri Lanka - A Leading Commercial Hub in the World?
It has the potential
Join Hands
Come Forward
Make it a reality!
I Thank You
Thilak Arumapperuma Arachchi
Superintendent of Customs

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