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Last Updated : 2024-05-19 14:30:00
23 September 2023 11:36 am - 13 - {{hitsCtrl.values.hits}}
The Finance Ministry has taken measures to remove the import restrictions on all currently restricted items, except on private vehicles, from October 1, Finance State Minister Shehan Semasinghe said.
He said the decision was taken since priority should be given to essential items other than the imports of private vehicles.
The import of private vehicles can be considered after increasing the foreign exchange after the debt restructuring process is complete and the government revenue increases, he added.
"After relaxing the import restrictions on all currently restricted items, we do not think anyone will request the government to relax the private vehicle import restrictions," he said.
"If we relax all import restrictions, it will be another disaster for the economy, the State Minister said. (Chaturanga Pradeep Samarawickrama)
Shanaka Saturday, 23 September 2023 12:02 PM
There is absolutely no urgency to lift import on vehicles. We have more than adequate vehicles in the country at the moment. The inventory vehicles awaiting resale is huge. Restrictions could be in place for another four to five years, if there is free supply of spare parts and accessories. In fact it will facilitate a good mental adjustment for our people who were crazy on getting new cars and even disposing of immovable property to fund same. People looking to sell their duty free permits as a side business would not welcome it. Perhaps the duty free permit concession should be done away with while the import ban is in place.
Ima Saturday, 23 September 2023 12:27 PM
Seems government sufficiently collected tax money to import vehicles for 225 after heavily tax public
ravin Saturday, 23 September 2023 12:37 PM
It's better to remove restrictions only for essential items and others on item wise basis only. Otherwise again whole country will be a low grade plastic and low quality items dumping yard.
Be Fair Saturday, 23 September 2023 01:04 PM
"If we relax all import restrictions, it will be another disaster for the economy" what are you saying, creating a disaster?
Edward Saturday, 23 September 2023 02:52 PM
Scrap the motor vehicle duty concession permit system across the board with immediate effect.
Joshua Saturday, 23 September 2023 02:56 PM
That means they can import vehicles for the rogues in parliament. Who is fooling whom
Ram Saturday, 23 September 2023 03:34 PM
First import authentic medications, import the spares and have the various malfunctioning machines in Hospitals fixed before allowing luxury items to be imported
Tissa Fernando Saturday, 23 September 2023 03:54 PM
Many will import expensive SUVs under company names stating that those are required for the business. Then those will slip into the market. Either you guys do not have any brain to anticipate how frauds take place or you purposely allow fraudsters to take advantage of few loop holes . I think the second scenario is
Shiyam Saturday, 23 September 2023 04:44 PM
Vehicles for Parliamentarians, govt officials should be considered as private vehicles
Sam Silva Saturday, 23 September 2023 06:17 PM
@shanka Your point is well taken. However our leaders are not going to listen to you or me. They do what pleases them but not for the country or people like us.
Karalasingam Sivalingam Saturday, 23 September 2023 08:48 PM
A welcome move by the government, priority should be given to drug imports, expect burden on the masses would be reduced.
Quolp Sunday, 24 September 2023 12:30 AM
The US-made leadership in Sri Lanka (i.e. Ranil) is an irrecoverable DISASTER than anything else.
Wasantha Kandawinna Sunday, 24 September 2023 11:00 AM
Please don't remove restriction of all items. Let country manufactured items to improve quality. If not even we may have kites from abroad.
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