The assurance was given by Finance Ministry Tax Policy Advisor W. Thanuja A. Perera, the NCE said in a press release that was based on a panel discussion it hosted on SVAT, recently.

According to the NCE, Perera has shared while addressing the panel discussion that the authorities are working on a mechanism to make sure that the exporters are protected via a refunding mechanism, following the termination of SVAT.

“Refund is part and parcel of the VAT mechanism. Currently, we are in a situation where we need to have more revenue mobilised,” Perera was quoted as saying.