Govt. to allow vehicle imports for private use by early 2025: State Minister

Tuesday, 30 July 2024 01:54 - - {{hitsCtrl.values.hits}}

State Minister of Finance Shehan Semasinghe yesterday announced that the Government plans to permit the importation of vehicles for private use starting in the first quarter of 2025.

He also stated that permission for commercial vehicle imports will be granted by August this year. The initial phase will focus on allowing imports for business and transportation purposes.

“Regarding the easing of restrictions on vehicle imports, the Government will inform its position by August and outline how the restrictions will be gradually eased,” he added.

Semasinghe emphasised that the Government aims to avoid reverting to the era of strict import restrictions driven by election-centric decisions. The move marks a significant step towards easing import policies and addressing the demand for vehicles in the country.