Comments /1504 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.
24 July 2017
A nation savouring small gains An important message was delivered to Sri Lanka’s policymakers and bastions in the tea industry by five experts who participated in a live TV discussion on the subject recently (available at: https:/...
24 July 2017
What is Systems Thinking? In the modern business landscape, change has become the only constant. At all levels of a business, pressure is on to redesign, automate or otherwise improve existing practices. Everyone is looking for ways to change, a...
22 July 2017
Even as war clouds gather over the Sino-Bhutan border where China’s real adversary is nuclear-armed India, China has announced its intention to thoroughly overhaul its military and economic structure and philosophy to meet challenges of the ...
22 July 2017
It is of no doubt, that Sri Lanka has tainted its history with the blood of the innocent. After gaining independence from the British we turned our attention towards, quite literally, “killing each other”. Some call it nationalism, som...
DIMO sweeps CMA Excellence in Integrated Reporting Awards 2017
Key role for Sri Lanka in China’s Belt and Road Initiative: Shanghai Institute of International Studies
Shanghai Institute of International Studies delegation to visit Sri Lanka
GE in search of new partnerships