http://www.dailymirror.lk/140342/Streamline-duty-on-brand-new-reconditioned-e-vehicles-Importers
Streamline duty on brand new, reconditioned e-vehicles: Importers
2017-11-14 

[video  / Susantha
https://youtu.be/_w0etlgypnw
Streamline duty on brand new, reconditioned e vehicles
]

The Vehicle Importers Association of Sri Lanka yesterday expressed optimism
that the Finance Ministry would streamline the two separate import excise
duties on brand new and reconditioned electric vehicles such as Nissan Leaf.

Association President Ranjan Peiris commended the budget proposal to reduce
excise duty on brand new Nissan Leaf vehicles by Rs. 1 million and said this
duty should be given to reconditioned vehicles as well.

“Even the Finance Minister had admitted that this should be rectified and
all vehicles of this kind, regardless of being brand new or reconditioned,
should be given the same excise duty relief of Rs. 1 million,” he told a
news briefing.

He said more policy decisions should be put in place to allow the flowing in
of e-vehicles into the country. However, he said more measures need to be
taken to prepare basic infrastructure required for e-vehicles in the
country.

Mr. Peiris commended the move to establish 100 e-vehicle charging points
across the country and said it was best to use solar power to power up these
charging points without burdening the main grid ...

The Vehicle Importers Association of Sri Lanka yesterday expressed optimism
that the Finance Ministry would streamline the two separate import excise
duties on brand new and reconditioned electric vehicles such as Nissan Leaf.

Association President Ranjan Peiris commended the budget proposal to reduce
excise duty on brand new Nissan Leaf vehicles by Rs. 1 million and said this
duty should be given to reconditioned vehicles as well.

“Even the Finance Minister had admitted that this should be rectified and
all vehicles of this kind, regardless of being brand new or reconditioned,
should be given the same excise duty relief of Rs. 1 million,” he told a
news briefing.

He said more policy decisions should be put in place to allow the flowing in
of e-vehicles into the country. However, he said more measures need to be
taken to prepare basic infrastructure required for e-vehicles in the
country.

Mr. Peiris commended the move to establish 100 e-vehicle charging points
across the country and said it was best to use solar power to power up these
charging points without burdening the main grid.

Meanwhile, he said the Rs. 750,000 increment in excise duty on hybrid
vehicles such as Toyota Axio, Aqua, Honda Vezel, Grace and Fit would create
a negative impact on traders of such vehicles.

“It would have been better if the excise tax for these vehicles remained
uncharged,” he said.
He welcomed the budget proposals to make compulsory the importation of
vehicles which had airbags and anti locking brake systems and the
importation of vehicles of Euro 4 standard.

“We already import vehicles that are up to Euro 6 standard. We commend the
green-budget concept of Minister Mangala Samaraweera to make Sri Lanka a
country with environment friendly vehicles,” he said.

Commenting on the Letter of Credits (LCs) opened by government workers on
the permits, Mr. Peiris said the government should ensure that these
government workers won’t be affected by the budget proposals and that they
enjoy the benefit of them.

With the reduction of import excise duty, he said a Suzuki Alto (Japanese)
could be valued at around Rs.2.5 million while Toyota Pixis and Suzuki
Wagon-R at Rs. 3 million. (Lahiru Pothmulla) ...
[© Wijeya Newspapers]




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