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Import duty on vehicles below 1000cc increased

The duty on a hybrid vehicle with an engine capacity lower than 1000cc will be Rs 1.25 million.The increased duty will not be applicable for vehicles imported based on letters of credit (LC) established on or before August 1st 2018 and cleared from Sri Lanka Customs on or before the 31st January 2019. (Colombo Gazette) The duty on vehicles with an engine capacity below 1000cc has been increased, the Finance Ministry said today.The duty on non-hybrid vehicles with an engine capacity lower than 1000cc will be Rs 1.5 million.

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