Fri, 29 Mar 2024 Today's Paper

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

By

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

A A A

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)


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 4

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • 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?!

    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


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H

MIRROR CRICKET

More