Valuation Division of Sri Lanka Customs is dedicated to facilitate and foster the legitimate international trade practices while ensuring due contribution to the state revenue.
primary objective of Valuation division of Sri Lanka Customs is to enhance efficiency and effectiveness through valuation tools and capacity building, thereby contribute to departmental goals.
- foster public-private partnership
- increase the level of compliance on valuation rules using best practice approaches
Head Office of Central Valuation Division is located at Rank Container Terminal in Orugodawatta. The Division comes under the Additional Director General (Corporate) and the Director of Central Valuation is responsible for overall supervision of the Division whereas the two Deputy Directors are the functional heads of the Division.
Operational Supervision comes under 6 Superintendents of Customs supported by 6 Appraisers (Deputy Superintendents of Customs). 3 more Deputy Superintendents and 16 Assistant Superintendents perform investigations, research, registrations, post-entry modification, payment verification and guarantee management functions.
Main functions of the Division
Assisting the Valuation Committee in Policy matters concerning Customs Valuation;
- Developing valuation tools (including databases and periodical alerts) and best practices for the effective and uniform application of valuation law;
- Value verification of commodities.
- Foster Public-Private partnership in resolving valuation issues and invite public participation in Value Research;
- Monitoring valuation trends of sensitive commodities and taking corrective action;
- Carrying out valuation inspections/investigations to ensure that the valuation guidelines and procedures are being effectively applied and followed;
- Coordinating Customs valuation matters with relevant international organizations and other sources abroad.
- Conducting study and providing necessary inputs for issues pertaining to transfer pricing.