INSUBCONTINENT EXCLUSIVE:
The Government of Sri Lanka has announced new excise duty rates for vehicle imports, effective immediately, in a special gazette
the new policy, excise duties range from 200% to 300% for vehicles that are not more than 10 years old from their date of manufacture
vehicles of specific headings and categories are subjected to these steep rates.The excise duties are categorized based on vehicle age,
engine capacity, fuel type, and configuration
Key highlights include:Passenger Vehicles: Duties range from 200% to 300% for vehicles not exceeding 10 years from their date of
manufacture.Modified Vehicles: Vehicles under specific headings, such as those carrying fewer than 13 passengers, face duties of 300% if
modified and less than two years old.Engine Capacity-Based Rates: Passenger vehicles with engine capacities between 1,000cc and 1,500cc are
4,450 per cubic centimeter (cc), while larger engines exceeding 3,000cc attract duties of up to Rs
13,300 per cc depending on their age.Additional rates apply to hybrid and electric vehicles, with duties influenced by motor types and
Vehicles with only electric motors face duties of 200% for those older than 3.5 years and up to 300% for newer units.Excise Duty by
