(1)      Director – General of Customs shall compare the details furnished by the bank with the CUSDEC relating to each individual import, and identify the incidents where goods have not been imported within stipulated period, against payment made. The Director General of Customs shall forthwith report such incidents –
 

(a)        in case of an importer which is an Enterprise which has been registered under the Board of Investments of Sri Lanka Law, No 4 of 1978, to the Controller of Imports and Exports; and
 
(b)        in case of an importer which is not an Enterprise which has been registered under the Board of Investments of Sri Lanka Law, No 4 of 1978, to the Controller of Exchange.
 

(2)      The Controller of Exchange and the Controller of Imports and Exports shall, in consultation with the Director General of Customs and the relevant commercial banks, monitor the payments made in terms of regulation 3 to regulation 17 of these regulations and take such steps as are required by law in relation to situations where goods have not been imported within the stipulated period, against the payment made.
 
(3)      The Controller of Imports and Exports, may at his discretion grant any waiver from the application of the provisions of these regulations to any person on an application made to him by such person.
 
(4)      The Controller of Imports and Exports shall from time to time issue Operating Instructions to the Director General of Customs and banks with a view to the prudent and efficient implementation of these regulations.
 
 
(5)     Where any person who being the Declarant or the Importer as the case may be, acts in violation of the provisions of these regulations, the Director General of Customs, shall on his own accord or in consultation with the Controller of Imports and Exports, take action as provided for by law.
 
(6)      Where any Bank acts in violation of the provisions of these regulations, the Director General of Customs shall forthwith notify the Controller of Exchange and the Controller of Imports and Exports of such fact and shall also forward the details of such violations along with all documentary evidence relating thereto to them. The Controller of Exchange and the Controller of Imports and Exports shall take action as provided for in law or inform the relevant authority to take for appropriate action, as the case may be.