Lankapage Logo CP 22 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Plans to amend Customs Act to get detained goods released
Sat, Jun 10, 2023, 10:57 am SL Time, ColomboPage News Desk, Sri Lanka.

June 10, Colombo: The State Minister of Finance Dr. Ranjith Siyambalapitiya says that the Customs Act will be amended so that goods detained at the Customs due to various legal issues can be released on bail during court proceedings.

The Minister points out that due to various judicial actions, more than 600 vehicles and many goods have been detained by the Customs.

Mr. Siyambalapitiya made these disclosures in the Parliament yesterday (09) while answering the questions presented for oral answers.

Speaking further, the Minister said that between 2015 and 2020, 2,498,714 vehicles have been imported into Sri Lanka.

The Minister pointed out that when that number is divided by the remaining 13.6 million people after excluding the 13% of the population that are children and 5% of the over 70 year old population, one person for every five people has imported a vehicle.

These imports have been made under 100 companies from 68 countries. Pointing out that the value of imported vehicles during this period is 1331.51 billion rupees, the minister mentioned that the government has collected a tax amount of 991.12 billion rupees.

Meanwhile, the Minister said that a proposal will be made to prepare a system where all the payments made in the importation of vehicles can be paid in the country where the respective vehicle was imported from.

The Minister mentioned that a report on raising tax revenue and saving the foreign exchange is currently being prepared and the related proposal is ready to be included.


ColomboPage - Recent 10 Stories ::
Seylan Credit Cards and Union Assurance join hands to offer hassle-free life insurance payment options
-- [29 minutes ago]
Three wild elephants killed after being hit by a night mail train
-- [8 hours ago]
Providing loan guarantees for the upliftment of small and medium enterprises later this year
-- [8 hours ago]
Colombo Port City investor interest grows as Colombo Port City Economic Commission delivers rapid progress in 2023
-- [9 hours ago]
ComBank conducts hackathon for staff to display problem-solving ingenuity
-- [9 hours ago]
President calls on all Muslims to come together to overcome the nation’s challenges
-- [9 hours ago]
Sri Lankan cricketer Danushka Gunathilaka found not guilty of sexual assault in Sydney
First phase of East Container Terminal of Colombo Port to start operations in June next year
PM instructs Provincial Governors to fill vacancies in the province while giving teaching appointments
Sri Lanka’s Colombo-based inflation drops to 1.3 percent in September 2023

Copyright © 2000, 2020 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.