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 Navy, Air Force officers train on Indian Navy Dornier craft
-- [1 hour and 10 minutes ago]
IUSF Convener Lahiru Weerasekara remanded until July 5
-- [1 hour and 53 minutes ago]
Top Sri Lankan economist Prof Saman Kelegama passes away in Thailand
-- [4 hours ago]
India, Sri Lanka MoU for cooperation in Traditional Systems of Medicine and Homoeopathy
-- [6 hours ago]
We will build a better society in Buddhist environment while protecting other religions - President
-- [9 hours ago]
Sri Lanka Navy arrests 17 Indian fishermen for poaching in island waters
-- [9 hours ago]
Sri Lanka maintains policy rates, current monetary policy stance is appropriate
-- [9 hours ago]
Sri Lanka Police arrest Buddhist monk student leader over damage to the Health Ministry
Strong Sri Lankan sales wins Gestetner best performance in RICOH Asia Pacific
Sri Lanka President blames 'indecent political groups' for university student violence

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.