Import restrictions on vehicles to be lifted by the end of this year: FM

5 September 2023 11:27 pm Views - {{hitsCtrl.values.hits}} 12 Bookmark

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The import restrictions on all vehicles except for private vehicles would be lifted by the end of 2023, the Ministry of Finance said.

The officials representing the Ministry of Finance disclosed this at the Committee on Public Finance today when the Committee requested for a time frame as to how long such restrictions will be in place post advertently considering the duopolies such restrictions have caused, especially governing wheat flour and tile.

Accordingly, the Committee took into consideration the Regulation under the Imports and Exports (Controls) Act, No. 1 of 1969 published in the Gazette Extraordinary 2341 / 38 of 20.07.2023 and was approved by the Committee.

The Order under the Foreign Exchange Act, No. 12 of 2017 was also considered during the Committee Chaired by Dr. Harsha de Silva and approved.

Accordingly, the eligible migration allowance for the emigrants who are claiming the migration allowance for the first time was increased from USD 30,000 up to a maximum of USD 50,000 or equivalent in any other designated foreign currency.

The officials present stated that emigrants who have already claimed migration allowance could claim the remainder up to a maximum of USD 20,000.(Ajith Siriwardana and Yohan Perera)

Comments - 12

Sri lanka Association of Professional Engineers Wednesday, 06 September 2023 04:58 AM

vehicle imports should be allowed only to people or companies earn forex like migrant workers,

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Ram Wednesday, 06 September 2023 06:09 AM

Import sub standard drugs, import old vehicles, waste the little Forex received from our brothers and sisters who toil overseas. Import of vehicles will pave the way for politicians to receive permits That's the way to go

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dana Wednesday, 06 September 2023 06:45 AM

Yes,yes it’s must ,MPs are starving for super class vehicles even we would have to raise prices of rice,flour or any other essential item, this is important

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DD Wednesday, 06 September 2023 08:11 AM

We should reconsider our current course of action. Sri Lanka covers an area of approximately 65,610 square kilometers and is home to around 21 million people. Imagine the strain on our small island if we continue to encourage more vehicles. Our roads will become gridlocked, leading to daily congestion and frustration. Instead, let's take inspiration from cities like London, New York, Singapore, and Tokyo, which have successful subway systems. Good subway system is a must. We can provide free access coupons to migrant workers for a limited time, depending on specific criteria. This approach will help alleviate traffic issues and improve our overall transportation system.

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Gamaya Wednesday, 06 September 2023 08:28 AM

"all vehicles except for private vehicles" the most important sentence in the whole article. Assume this means cars, SUVs and Motorcycles.

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Karalasingam Sivalingam Wednesday, 06 September 2023 09:31 AM

Those who have brought foreign exchange to SriLanka could be allowed to import cars. Wasting our foreign exchange in importing cars should be postponed until our country archives economic stability. Give priority for drug imports.

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joshua Wednesday, 06 September 2023 10:56 AM

yeah, import some roads also

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MPs and their lackeys lining up to get V8 at public expense Wednesday, 06 September 2023 11:02 AM

The problem is not what public allowed, but what MPs and government paid officials are allowed as government paid vehicle imports?

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ravin Wednesday, 06 September 2023 11:58 AM

In other words what was in the air that diyawannaa 225 is asking permits is confirmed?

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Tax Payer Wednesday, 06 September 2023 02:06 PM

The Finance Minister is all out to please the Politicians who are yearning for new DF Vehicles and his Cronies who have black money to use on new vehicles. Large part of the population is suffering without proper food and medicines , Foreign Loans still remain unsettled , the roads are clogged with excessive vehicles. These are not of much concern for the present Government ?

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Cholmondeley Pinto Wednesday, 06 September 2023 06:22 PM

Duty free permits to parliamentarians and state high ups are on the way. Even before repaying and defaulting $ loans. It looks like once again the country's state of development is judged by the type of vehicle the parliamentarians are driving.

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N V Jen Wednesday, 06 September 2023 06:53 PM

No more used junk. You can import brand new vehicles of reputed brands from their Indian assembly lines under agreement, little cheaper.

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