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Vehicle+importers+describe+how+prices+fluctuate+after+budget+proposals.
Monday, 27 October 2014 - 13:15
Vehicle importers describe how prices fluctuate after budget proposals.
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The Lanka Vehicle Importers Association said that the prices of vans will be reduced extensively after vehicle import tax was revised in the recent budget.

Presenting the budget in parliament, President Mahinda Rajapaksa said that a special tax will replace the various current taxes on vehicle import.

However, Lanka Vehicle Importers Association’s President Indika Sampath Merenchige stated that prices of hybrid vehicles will not reduce sharply although tax on them was cut to some extent in the budget.
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