Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka removes restrictions on trading vehicles imported under tax relief
Sun, Nov 18, 2012, 12:31 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 18, Colombo: The Sri Lankan government has decided to remove the ban on the sale of duty-free vehicles imported by senior public servants to another party.

The restrictions imposed on the resale of vehicles imported under duty concessions were eased as proposed in the 2013 budget.

A spokesman of the Ministry of Finance said that the decision was informed in writing to the Director General of Customs on November 16.

The regulation is valid for the vehicles already imported under tax relief.

Accordingly, the public servants can now sell their vehicles at any time after importation. So far, they could not transfer its ownership to a third party for three years.

However, the vehicle market sources say that the cars imported under tax relief were traded underhand bypassing the restrictions.



ColomboPage - Recent 10 Stories
Sri Lankan government clarifies global law firm's role in consultations in response to media reports
-- [1 hour and 49 minutes ago]
Sri Lanka port to expand services to be among the world 20 best ports by 2020
-- [2 hours ago]
Sri Lanka armed forces annual joint field exercise Cormorant Strike to commence on September 3
-- [3 hours ago]
Foreign Ministry organizes mobile consular service in Nallur, Jaffna from August 28 -31
-- [3 hours ago]
Five businessmen barred from leaving the country over millionaire businessman's murder
-- [4 hours ago]
Sri Lanka raises levy on imported potatoes
-- [4 hours ago]
Five Sri Lankans drowned in Camber Sands seas in East Sussex identified
-- [5 hours ago]
Minister Rishad Bathiudeen sends Letter of Demand to local newspaper for Rs. 1 billion over 'false' report
-- [5 hours ago]
Tillakaratne Dilshan to retire from ODI Cricket
-- [6 hours ago]
Minister Ravi Karunanayake to attend 8th SAARC finance ministers' summit in Islamabad

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.