EXCLUSIVE: SL vehicle importers’ head explains reduction in vehicle prices
October 25, 2014 04:13 pm
There will be a marked decrease in the prices of motorcars and
vans under the below 1000 cc engine capacity due to the new simple tax
system introduced through the 2015 Budget proposals, chairman of the
Vehicle Importers’ Association of Sri Lanka, Sampath Merinchige told
Adaderana Biz.
He added that though there could be a slight downward trend in
the prices of hybrid and Japanese car, it would not be that significant.
However, they are looking to provide the maximum concessions on these vehicles, said Merinchige.
“There was a great demand for vans. We were unable to import and
cater to the demand. The government has taken this into consideration
and reduced the duty by about two-thirds. Hence, there are greater
opportunities to import vans in the future,” he said.
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