Finance Ministry directs Vehicles importers to register it within 90 days:
- CNL Reporter
- March 7, 2025
- Business News
- Finance Ministry directs Vehicles importers to register it within 90 days:
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Vehicles that have been granted permission to be imported into Sri Lanka must be registered within 90 days, the Ministry of Finance has told a parliamentary legislative committee.Vehicle imports have been allowed under certain conditions, ministry officials told the Committee on Public Finance (CoPF).
These conditions have been imposed “in view of encouraging the revival of normal economic activities and safeguarding the economic stability of the country.
It will be taking into account protecting foreign exchange reserves, discouraging the importation of an excess number of vehicles and keeping away unnecessary stocks of motor vehicles” a parliament statement quoted the officials as saying.
“Accordingly, vehicles that have been granted permission to be imported into Sri Lanka must be registered within 90 days.”“If 25% of the total number of vehicles imported by any importer in particular is not registered within 6 months, consensus of importation will be suspended,” the officials said.
A 3% fine will also be imposed on unregistered vehicles, subject to a maximum of 45%.The officials said that if anyone wished to import vehicles in a personal capacity only one vehicle can be imported, whilst a trader does not have such condition
