COLOMBO – The 2023 Budget document has proposed that vehicles seized by Sri Lanka Customs owing to non-payment of applicable taxes and other reasons, will be released from Sri Lanka Customs, subject to the payment of applicable taxes and fines.
The document notes that the vehicles falling under the following two categories can be released.
(a) Any vehicle imported into Sri Lanka on or after May, 22, 2020 but before November 12, 2021 and not removed from the Sri Lanka Customs due to restrictions and prohibitions set out in the Regulations made under the provisions of the Import and Export (Control) Act, No.1 of 1969, or
(b) Any vehicle propelled electrically, imported before November 12, 2021, and not removed from the Sri Lanka Customs due to nonpayment of applicable taxes.
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