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Concessions for vehicle imports to boost business
View(s):The Government has granted concessions to vehicle importers in a bid to boost the vehicle import business, which has been affected by the increase in taxes imposed last year. The concessions have been granted by the Customs, following discussions held with the Vehicle Importers’ Association of Lanka (VIAL).
Director General of Customs Jagath P. Jayaweera told the Sunday Times that the concessions will enable easy clearance of vehicles from the Port. Accordingly, in consultation, a list of values on frequently imported Japanese models of vehicles have been prepared, facilitating their easy clearance.
Among the concessions granted is that, there will be no cross checking of the value from agents, in the import of a select brand of vehicles. VIAL President Sampath Merenchige told the Sunday Times that cross checking of vehicle prices from the main agent, was a disadvantage, as they usually claimed that the vehicle had been undervalued. This, he said, was being done to deprive them of business.
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