The recent levies on motor vehicle imports will not be relaxed for the next three years, a senior government official has said.
Treasury Secretary P.B. Jayasundera told motor vehicle importers that levies would continue because the government wanted to curtail the outflow of foreign exchange.
The Vehicle Importers Association led by its President Sampath Merinchchige met Dr. Jayasundera to discuss matters arising from the recently increased levies on motor vehicle imports.
Mr. Merinchchige told the Sunday Times that according to Dr. Jayasundera, the vehicle import bill for last year had exceeded seven billion US dollars.
He also quoted Dr. Jayasundera as saying the government was planning to impose stricter controls on individuals importing motor vehicles.