2024-04-04
News Categories : Committee News
It was revealed in the Committee on Ways and Means that the profit made by traders for one kilo by selling imported essential food items based on the market price is between Rs 100-1000.
This was revealed when the Committee on Ways and Means met in Parliament on 2nd April 2024 under the chairmanship of Hon. Patali Champika Ranawaka, Member of Parliament.
There was a discussion on the discrepancy between the market price of a kilo of essential food items and the import price. The officials of Central Bank of Sri Lanka, Department of Trade and Investment Policies, Sri Lanka Customs, Import and Export Control Department, Department of Censors and Statistics, Hector Kobbekaduwa Agrarian Research and Training Institute were summoned for the committee meeting.
It was revealed that since 2018, there has been a continuous decline in the tax revenue imposed by the government on imported goods, and this has been caused by the mismatch of the Special Commodity Levy (SCL) imposed on imported essential food items in accordance with the value of the US dollar. Accordingly, it was revealed that the consumers have not benefited from this as it costs a lot of money to buy these goods, but the traders have made a significant profit by selling these imported essential food items. Accordingly, it was revealed that the profit was between Rs 100-1000 per kilo based on the market price.
Also, based on these facts, the huge disparity between the market price of a kilogram of essential food items and the price at which goods are released from customs after the imposition of special commodity tax was also discussed here.
Accordingly, the Chairman of the Committee instructed the Sri Lanka Customs officials to submit all the reports related to the import of essential food items to the Committee on a weekly basis.
The chairman also emphasized to the officials of the Inland Revenue Department the importance of formally registering the importers who import goods under category 2525 in order to collect value added tax (VAT) and streamlining the import process of goods under category 7000. He also instructed to take steps to collect taxes according to the Inland Revenue Act for the undue profits earned by the importers during the importation of essential food items during the period from 2018 to 2023 and to report the progress to the committee by the end of this month.
Also, the importance of the intervention of the Consumer Affairs Authority to prevent consumer exploitation during the festive season was also emphasized here. Also, instead of buying essential food items from importers, the committee also advised that the Ministry of Trade, Commerce and Food Security should prepare a program to directly import and deliver them to the consumer. The committee also advised to prepare a program to inform the public about the price following the customs clearance, market price and maximum retail price of essential food items through websites, mobile applications and social media.
In addition, the progress of the forensic audit conducted by the Auditor General regarding the irregularities in granting licenses to import electric vehicles to Sri Lankans working abroad was discussed in the meeting. The committee instructed the relevant parties to suspend the gazette extending the granting of licenses to import electric vehicles for Sri Lankans employed abroad until the forensic audit conducted by the Auditor General is completed.
Also, the collection of arrears of tax was discussed here and the following instructions were given to the Inland Revenue Department. Accordingly,
• Immediate action (such as acquisition of properties/assets) as per Inland Revenue Act to recover Rs 188 billion in recoverable tax arrears.
• Taking necessary action to recover tax withheld within 3 years due to taking legal action.
• To provide the list of tax evaders and organizations to the committee within a week
• Establishing a public private partnership model through an open tender to maintain the Revenue Administration Management Information System (RAMIS).
• Providing the Attorney General's opinion to the Committee on whether the signed agreement information related to the Revenue Administration Management Information System (RAMIS) can be released to a third party.
• Instead of opening tax files for persons above 18 years of age, taking data of persons earning more than Rs.1 lakh per month (25 lakhs) on a digital platform,
State Ministers Hon. Lasantha Alagiyawanna, Hon. Sisira Jayakodi and Hon. Anuradha Jayaratne, Members of Parliament, Hon. W.D.J Seneviratne, Hon. Dayasiri Jayasekara, Hon. Udayana Kirindigoda, Hon. Wasantha Yapabandara, Hon. Shanta Bandara, Hon. Jayaratne Herath, Hon. Chandima Weerakkodi, Hon. Ali Saheer Maulana, Hon. Asanka Navaratne, Hon. Gamini Valeboda and Hon. Weerasumana Weerasinghe were also present in this committee meeting.
2026-04-09
The Committee on Public Finance (CoPF) met on 07th April 2026 under the chairmanship of Hon Member of Parliament Dr. Harsha de Silva.The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe, along with members of the Governing Board, the Monetary Policy Board, and senior officials, attended the meeting as part of the Central Bank’s statutory presentation to Parliament conducted once every four months.Hon. Deputy Ministers Chathuranga Abeysinghe, (Dr.) (Ms.) Kaushalya Ariyarathnea and Nishantha Jayaweera, Hon. Members of parliament Rauff Hakeem, Attorney at Law, Ravi Karunanayake, M.K.M. Aslam, Nimal Palihena, Chithral Fernando, Attorney at Law, Wijesiri Basnayake, Thilina Samarakoon, Champika Hettiarachchi and (Ms.) Lakmali Hemachandra, Attorney at Law were also present at the meeting.During the meeting, the Committee took up as a matter of priority the alleged fraud at NDB Bank. The Committee initiated a focused discussion with the Central Bank, underscoring the seriousness of the issue and the need for urgent attention.The Governor informed the Committee that an initial investigation in this regard is currently underway. He further assured that the Central Bank will report back to the Committee at the earliest possible opportunity once the necessary information has been gathered.The Committee observed with serious concern that there appear to have been considerable lapses in corporate governance at the bank, deficiencies in supervision by the relevant departments of the Central Bank of Sri Lanka, and undue delays in the reporting of material information.The Committee firmly underscored that such shortcomings are unacceptable and directed that immediate corrective measures be undertaken. It further emphasized that it will continue to closely monitor this matter and exercise stringent oversight to ensure full accountability, transparency, and the safeguarding of public confidence in the financial system.
2026-04-02
The Committee on High Posts has approved the appointments of four Ministry Secretaries.The approval was granted when the Committee met in Parliament recently (Mar. 20) under the chairmanship of Hon. Prime Minister Dr. Harini Amarasuriya.Accordingly, the Committee approved the appointments of Air Vice Marshall H.S.S Thuyyacontha (Retd.) as the Secretary to the Ministry of Defence, Mr. L Mohamed Navavi as the Secretary to the Ministry of Science and Technology, Mrs. W.M.D.T Wickramasinghe as the Secretary to the Ministry of Women and Child Affairs and Mr. W.W.S Mangala as the Secretary to the Ministry of Ports and Civil Aviation.
2026-03-31
A Parliamentary delegation from the Sectoral Oversight Committee on Infrastructure and Strategic Development of the Parliament of Sri Lanka, led by Hon. S. M. Marikkar, Member of Parliament and Chairman of the Committee, undertook a Parliamentary Study Tour to New Delhi and Mumbai from 22nd to 27th March 2026, following an invitation extended by the High Commission of India.The Sri Lankan delegation comprised the Chief Opposition Whip Hon. Gayantha Karunathilleka, Members of Parliament Hon. Nalin Bandara Jayamaha, Hon. Manjula Suraweera Arachchi, Hon. K. Ilankumaran, Hon. Chathura Galappaththi, Hon. Ravindra Bandara, Hon. Asitha Niroshana Egoda Vithana, Hon. Shantha Pathma Kumara Subasingha, Hon. (Mrs.) Geetha Herath, Attorney at Law, Hon. Kins Nelson and Hon. Dharmapriya Wijesinghe. Parliament staff members attached to the office of the Sectoral Oversight Committees who were also present included Assistant Director (Administration) Mr. K. P. Chandana, Principal Officer Ms. S. W. T. R. De Silva and Parliamentary Officer Ms. W. K. A. M. M. M. Arthanayaka. The delegation arrived in New Delhi on 22nd March 2026 and commenced official engagements on the following day. The programme included a meeting with the Foreign Secretary of India and a floral tribute at Prerna Sthal in the Parliament House Complex. The delegation also paid a courtesy call on the Hon. Om Birla, Speaker of the Lok Sabha.An orientation session on the Indian Parliamentary system was conducted, providing valuable insights into institutional structures and legislative processes. The delegation further held productive interactions with the Standing Committee on Transport, Tourism and Culture, as well as the Standing Committee on Housing and Urban Affairs.On 24th March 2026, the delegation participated in a series of technical and policy-focused engagements, including a session on India’s “PM Gati Shakti” National Master Plan. Visits were made to the National Highways Authority of India and the Solar Energy Corporation of India, alongside discussions with the Confederation of Indian Industry. The delegation also engaged with the India-Sri Lanka Parliamentary Friendship Group, further strengthening bilateral Parliamentary relations.Continuing its programme on 25th March 2026, the delegation visited the Delhi Metro Rail Corporation to study urban mass transit systems and best practices in public transportation. This was followed by an interaction with the New Delhi Municipal Council on Smart City initiatives, focusing on urban governance, digital infrastructure, and sustainable urban development. The delegation also met with officials of the Jal Jeevan Mission under the Ministry of Jal Shakti to discuss large-scale water supply management and rural infrastructure development.The programme in Mumbai included visits to key infrastructure and development sites such as the Atal Setu Bridge and the Jawaharlal Nehru Port Trust, as well as the Navi Mumbai Airport. The delegation also visited the Power Exchange India Limited and met with the Hon. Chief Minister of Maharashtra.On 27th March 2026, the delegation visited prominent locations including the Gateway of India and Elephanta Caves. The programme also included a meeting with the Hon. Speaker of the Maharashtra Vidhan Sabha and discussions with senior officials responsible for investment promotion and industries, prior to their departure to Colombo.Sri Lanka’s participation in this Parliamentary Study Tour underscored its continued commitment to strengthening bilateral cooperation with India and advancing institutional capacity, knowledge exchange, and best practices in infrastructure and strategic development through sustained Parliamentary engagement.
2026-03-30
Progress on the implementation of recommendations issued by the COPA on 06th January 2026 was reviewed Matters relating to the 2024 Auditor General’s Report and current performance were also examined The Department of Archaeology was summoned before the Committee on Public Accounts (COPA), where attention was drawn to the progress made in implementing the recommendations issued at the COPA meeting held on 06th January 2026, as well as to the current performance of the Department.These matters were discussed at the COPA meeting held in Parliament on 19th March 2026 under the chairmanship of Hon. Member of Parliament Kabir Hashim, to examine the Auditor General’s triennial report for the years 2021–2023, the 2024 Auditor General’s Report, and the current performance of the Department of Archaeology.At its meeting on 06th January 2026, it was recommended that a report on the gazetted and ungazetted antiquities identified by the Department of Archaeology be submitted to the Committee within a month. However, the Auditor General’s Department pointed out that data relating to antiquities not declared by Gazette had still not been submitted to the Committee. Accordingly, the Chair of the Committee instructed that a report be submitted within two weeks, including details of such antiquities, reasons for not publishing them by Gazette, and a proposed timeline for their gazetting.The Committee also focused on the lack of progress in implementing the recommendation to establish a centralized data system for the Department of Archaeology, and instructed that a progress report on this matter be submitted to the Committee.Furthermore, it was revealed that although Cabinet approval stipulates that 25% of the revenue generated by the Central Cultural Fund should be allocated to the Ministry of National Heritage, the Department of Archaeology has been requesting a lower allocation annually. Officials who appeared before the Committee stated that funds allocated through Cabinet approval had remained unutilized, and that there are plans to reduce future allocations requested from the Treasury accordingly.The shortage of vehicles available to the Department was also discussed, with officials noting that this has significantly affected the institution’s performance. The Committee stated that it would take steps to raise this matter with the relevant authorities.The meeting was attended by Committee Member Hon. Deputy Minister Dinindu Saman Hennayake and Hon. Members of Parliament (Dr.) M.L.A.M. Hizbullah, Hector Appuhamy, Chanaka Madugoda, Chandana Sooriyaarachchi, and Ruwanthilaka Jayakody.
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