The decision is in response to various challenges encountered during the implementation of the Act, leading to its suspension.

Speaking at the post-Cabinet meeting media briefing yesterday, the Cabinet Co-Spokesman Bandula Gunawardena highlighted the necessity of suspending the Act, citing various issues such as the recent sugar scam, which exposed loopholes within the legislation.

He claimed that many traders exploited these loopholes via malpractice in commodity importation by undervaluing them, resulting in revenue losses for the Government coffer.