Hybrid duty to be taken up on Tuesday

15 February 2015 06:14 am Views - 9716

A proposal to reduce import duty on hybrid vehicles is to be discussed at the National Executive Council meeting on Tuesday.  

Member of the Council and Janatha Vimukthi Peramuna (JVP) the Leader Anura Kumara Dissanayake, who met several vehicle importers yesterday, said he would take up the issue of reducing import duty on hybrid vehicles as well as reducing the annual license fees charged.

Mr. Dissanayake was of the opinion that increasing import duty on vehicle imports, while increasing annual license fees, would create a monopoly in market similar to that monopoly held by several mill owners in purchasing paddy. (YP)