இன்று முதல் வாகன இறக்குமதி! | சில சிக்கல்கள்! | Sri Lanka | Vehicle News

Sri Lanka has officially lifted its ban on vehicle imports, effective February 1, 2025, signaling a move towards economic normalization after a prolonged crisis. The government had previously restricted vehicle imports to conserve foreign exchange reserves. With the ban lifted, citizens can now import various vehicles, including cars and electric vehicles. 
However, affordability remains a significant concern. The government has imposed substantial excise duties on imported vehicles, ranging from 200% to 300% depending on engine size, along with an 18% Value Added Tax (VAT). These taxes, coupled with the depreciation of the Sri Lankan rupee, have led to a sharp increase in vehicle prices, making them less accessible to the average consumer. 
While the lifting of the ban is a positive step towards revitalizing the automotive market and generating government revenue, the high costs may limit the benefits to a small segment of the population. The government aims to balance economic recovery with the need to maintain foreign reserves, proceeding cautiously to avoid a surge in imports that could destabilize the economy. 
#SriLanka #VehicleImports #EconomicRecovery #AutomotiveIndustry #ImportBanLifted #Taxation #Affordability #SriLankaEconomy