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Wednesday, 25 September 2019 00:25 - - {{hitsCtrl.values.hits}}
The Government has decided to declare a grace period for the motor vehicles imported during the period of January 2015 to November 2017 and pending Customs clearance at the Hambantota Port, the Finance Ministry said yesterday.
The grace period will be granted subject to fulfilling several criteria outlined below, the statement added: Motor vehicles imported by an importer/individual based on the Letter(s) of Credit established on his/her name for personal usage or said motor vehicles imported by any authorised agent/motor vehicles importer on the request of identified customer(s), who have paid required money to the said authorised agent/importer through any official channel for importation of such vehicle for personal usage.
Further information in this regard can be obtained from the Gazette Notifications No. 2117/48 dated 4 April and last amended by Gazette No. 2135/55 dated 8 August under the Excise (Special Provisions) of Act. No. 13 of 1989.
Under this scheme, eligible individuals are informed to apply for the relief to the Director General, Department of Fiscal Policy, General Treasury, along with the requested proof documents on or before 31 October.
Under this duty concessionary scheme, it is mandatory to register the vehicles under the name of the relevant individual importers’ names within 30 days of the clearance of the vehicle from the wharf.
