The ad-valorem excise duty rate of 90 per cent imposed on motorcycles with an engine capacity less than 150cc will be removed with effect from midnight today (August 17). This was disclosed by Sri Lankan Finance Minister Mangala Samaraweera on Thursday.
The excise duty on mini trucks and single cabs has also been reduced by Rs. 300,000 with effect from midnight today. Accordingly, the present duty rate of 45 per cent or Rs. 1 million has been reduced to Rs. 700,000. The present sale price will come down by Rs. 300,000. (Bandula)
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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