Comments /1503 Views / Thursday, 3 May 2012 03:00
The Finance Ministry will shortly convene a meeting of all motor vehicle importers to discuss a new scheme to improve service standards and reliability.
Ministry Secretary Dr. P.B. Jayasundera told journalists on Monday that the new meeting was a follow up to a discussion President Mahinda Rajapaksa who is also the Finance Minister had with Vehicle Importers Association recently.
“We will meet with all importers to discuss the modalities for a licensing arrangement to ensure after-sales service standards as well as reliability of vehicles sold,” Dr. Jayasundera said.
He explained that during the meeting with the President, it was pointed out that within the motor trade there are several unorganised importers who remain in business despite supplying vehicles of poor quality and reliability, jeopardising the interest of motorists or customers. A scheme has been proposed to issue licences for the purpose of vehicle imports ranging from a Rs. 5 million fee for small scale importers of reconditioned vehicles and Rs. 10 million for large-scale firms as well as Rs. 25 million for those who import brand new cars.
“The proposed meeting is aimed at getting view points of all motor industry stakeholders and reach an understanding on the way forward,” Dr. Jayasundera added.
The Treasury Chief also said that following the 1 April hike in duties, the value of vehicle imports this year is likely to come down to $ 700 million from a record high of $ 1.7 billion last year.
29 May 2017
Newly appointed Ports and Shipping Minister Mahinda Samarasinghe being congratulated by his predecessor Arjuna Ranatunga when the former assumed duties early last week following the mini reshuffle of the Cabinet - Pic by Lasantha Kumara Sh...
29 May 2017
New Finance Minister Mangala Samaraweera officially assuming duties at the ministry – Pic by Pradeep Pathirana Promise to continue with economic reform program The new Minister of Finance, Mangala Sa...
27 May 2017
India’s new INR 16,210 million ($ 250.9 million) plan to enable Tamil Nadu fishermen to exit fishing in the Palk Bay in three years from this year could end its decades-long row with Sri Lanka over poaching in Sri Lan...
26 May 2017
By the time you read this, you would have perused many pieces, no doubt, on the precarious state of the nation of late. The painful memories of April-May – Meethotamulla pitfall and the proposed appointment of a military panjandrum to curb, ...
Addressing job readiness to fast-forward economic growth
India should either come up with a better plan for Sri Lanka or send a thank you note to China
Sri Lankan sex ring in Haiti reveals cracks in UN system
Religious violence in Sri Lanka: A new perspective on an old problem
President’s visit will boost Australia – Sri Lanka ties: Ambassador Skandakumar
Sri Lanka and Australia make Joint Declaration to enhance cooperation
BCIS signs a MoU to enhance SL-China academic cooperation
Sri Lanka-China Business Council in Hangzhou set up to boost bilateral ties