Import of Prado vehicles: Govt. loses Rs.3,000 mln in taxes: COPA

24 June 2017 08:30 am - 4     - {{hitsCtrl.values.hits}}

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The government has lost Rs.3,000 million by way of taxes in the importation of 407 Prado vehicles in 2016, the Committee on Public Accounts (COPA) revealed in its report presented to Parliament yesterday.

The report presented by COPA Chairman Lasantha Alagiyawanna said tax revenue was lost because of the constant changes in the assessment process for the purpose of charging customs duty. However, Customs officers had said there were no losses incurred by the government and that an investigation was being carried out by a special presidential committee.

In addition the government has lost Rs 7.7 million by way of revenue because of the undervaluing of two BMW vehicles imported last year and investigations are being carried out on this matter as well, the report stated.

It was revealed that files on 597 registered motor vehicles at the Department of Motor Traffic have been misplaced and that COPA would complain to the President and the Prime Minister on this matter if there was no positive outcome.

The report had also focused on the progress made in the exploration and recovery of oil and gas in the Mannar Basin said to have the potential to recover five billion barrels of oil and nine trillion cubic feet of natural gas. COPA had stressed the need to move the project to the development stage from the exploration stage.

COPA has also called for a report from the Department of Coast Conservation Coastal Resource Management on the steps taken to minimize sea erosion caused by the Port City Project. (Yohan Perera and Ajith Siriwardana)

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  Comments - 4

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  • Mason Saturday, 24 June 2017 06:33 PM

    The Country being in dire straits financially, we can ill afford to lose Rs. 3000 million. However, just like Donald Trump says America FIRST, in Sri Lanka the LUXURY LIFE of MPs take precedence over others.

    raj Saturday, 24 June 2017 06:40 PM

    Actually government doesn't lode anything because that loss they charge it from us the people who bear the burden of rising cosy of living and taxes...so people are the ones losing 3000mn while politicians go in AC prado

    JAN Saturday, 24 June 2017 08:02 PM

    Stop giving Duty Free permits for anybody No one is taking Responsibilities for Human Tradegey No performance none via DM Android App

    John Saturday, 24 June 2017 12:14 PM

    What a swindle by 'Parliamentarians' taking the people for a ride, again and again. How many poor people in Sri Lanka could have been provided with homes with this dishonest act?!


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