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President Ranil Wickremesinghe has directed the Treasury to take a last choice concerning the continuity of the ability for migrant employees to import electrical automobiles on concessionary phrases, following complaints of abuse.
The presidential directive comes after the Treasury expressed concern to him over the ability being abused to a big extent amidst an inquiry by Customs, the Sunday Instances learns. Treasury sources mentioned preliminary investigations had proven that there have been abuses, together with undervaluation of automobiles.
In accordance with preliminary Customs reviews, 119 automobiles have already been imported beneath the scheme, with 75 being imported by one firm.
Among the many automobiles imported are BMW (22), Mercedes Benz (13), Porsche (05), Ford Mustang (06), Audi (06), Tesla (04), Peugeot (08), MG (18), Volkswagen (22) and Nissan (10).
A Customs spokesman mentioned the investigations would cowl automobiles already imported and cleared, automobiles to be cleared, and automobiles which are being imported.
The investigators will look into the remittance introduced into the nation, the valuation, and whether or not the automobiles have been bought.
The scheme was launched to draw direct overseas remittances into the nation by way of recognised banking channels.
(sundaytimes.lk)
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