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Sri Lanka imposes new vehicle import regulations to protect foreign reserves and boost local industry.
Sri Lanka's Ministry of Finance has imposed new conditions on imported vehicles to boost economic activity and protect foreign reserves.
Vehicles must be registered within 90 days of arrival, and importers failing to register 25% of their imports within six months may face suspension.
A 3% fine, capped at 45%, will be imposed on unregistered vehicles.
The ministry also discussed supporting the local electric vehicle industry and approved releasing more LP Gas to the market.
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Sri Lanka impone nuevas regulaciones de importación de vehículos para proteger las reservas de divisas e impulsar la industria local.