Sep 24, 2019 (LBO) – Sri Lanka’s government has decided to declare a grace period for motor vehicles imported during the period of January 2015 to November 2017 but pending the Customs clearance at the Hambantota Port subject to following criteria.
Said 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 authorized agent/motor vehicles importer on the request of the identified customer(s), who have paid required money to the said authorized agent/importer through any official channel for the importation of such vehicle for personal usage.
Further information in this regard can be obtained from the Gazette Notifications No. 2117/48 dated April 04, 2019 and last amended by Gazette No. 2135/55 dated August 08, 2019 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 October 31, 2019.
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.