Comments /1463 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.
5 May 2016
After the success of his dissident May Day rally that drew huge crowds to Kirulapone at the beginning of the week, former President and Kurunegala District lawmaker Mahinda Rajapaksa was on the receiving en...
5 May 2016
It is not necessary to be agitated the moment you see the heading, perhaps with the nation’s future only directed to be with men of science. We live in a world where issues are kept alive so as to give purpose to some people to live or...
5 May 2016
Q: Can you describe what happened in Parliament on Tuesday? A: MP Dinesh Gunawardena raised the issue regarding the former President’s military security being replaced with Police personnel. MP Gunawardena wanted an explanatio...
4 May 2016
In the recent weeks we saw how the stock market has begun to pick up given the $ 1.5 billion IMF announcement towards Sri Lanka. Whilst the news is positive, a point to note is that this money can be also withdrawn wi...
Universities and SMEs need to work together on innovation management: Prof. Dornberger
Sri Lanka is on the cusp of a transformative leap forward, Malik tells US
President Obama places high importance on US’ ties with Sri Lanka: Samantha Power
US hopes for specific initiatives to strengthen Sri Lanka’s trade and investment regime