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Duty-free permit (or Duty-free vehicle permit or Motor Vehicle Permit on Concessionary Terms) is a permit issued by the Treasury of the Government of Sri Lanka that allows its holder to import a vehicle into Sri Lanka on duties concessions or exempt from certain taxes.
Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in 1947; [6] it remains in operation today. Designed to provide a service for trans-Atlantic airline passengers typically travelling between Europe and North America whose flights stopped for refuelling on outbound and inbound legs of their journeys, it was an immediate success and has been copied worldwide.
Free economic zones (FEZ), free economic territories (FETs) or free zones (FZ) are a class of special economic zone (SEZ) designated by the trade and commerce administrations of various countries. The term is used to designate areas in which companies are taxed very lightly or not at all to encourage economic activity .
Customs may be very strict. Goods valued up to US$500 [24] brought in by plane and up to US$300 by sea or land are free of duties and taxes, cellphones and laptop computers are duty free regardless of their value only one per passenger, clothing and other personal use items are free of taxes. Above those values, tax is 50% of the value of all ...
A massive crowd of protesters blocked traffic on a downtown Los Angeles freeway, causing major delays, in response to President Donald Trump's illegal immigration crackdown.
Sri Lanka and Thailand signed a Free Trade Agreement in February 2024, and agreed to enable visa-free travel. [8] Sri Lankans are unable to travel to Hong Kong, China, Indonesia, Bangladesh and the Philippines, five of the world's most important markets, without a complex visa application process with a hefty visa fee. [9] The inability to ...
It is administered by Airport and Aviation Services (Sri Lanka) Ltd and serves as the hub of SriLankan Airlines, the national carrier of Sri Lanka, Fitsair, a privately owned low-cost carrier, and domestic carrier Cinnamon Air. The other airport serving the city of Colombo is Ratmalana International Airport. SriLankan Airlines has its main base ...
A customs duty or due is the indirect tax levied on the import or export of goods in international trade. In economics a duty is also a kind of consumption tax. A duty levied on goods being imported is referred to as an 'import duty', and one levied on exports an 'export duty'.