Sri Lanka Slashed The Excise Duty On Imported Cars By 50 Percent

Sri Lankan Government today  slashed an import excise duty on vehicles by 50 percent and lifted 15 percent surcharge on all imports by slashing the duty of all electronic products.

Due to the slashing of excise duty customers who are importing Indian Made Marruti Cars now have to pay an excise duty that is   90 percent of the Value of the Car comparing to the early payment of 183 percent of it's value.Cars attracted over 300 in excise duties, import duties, value added taxes, port and airport development levies and national security levies.