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Commercial importers ordered to register 25 percent of vehicles within six months of receiving shipment

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The Ministry of Finance has ordered importers to register at least 25% of the total number of vehicles they import within a six-month period. Failure to adhere to this requirement will result in the suspension of the importer’s import permit, according to an official statement from the Ministry.

This new measure has been introduced to protect the country’s foreign exchange reserves, curb excessive vehicle imports, and prevent the unnecessary accumulation of motor vehicles. However, the regulations do not apply to individuals importing vehicles for personal use, as they are permitted to import only one vehicle, the Ministry clarified.

The regulations were discussed during a recent meeting of the Committee on Public Finance (COPF) regarding vehicle imports. At the meeting, Controller General of Imports and Exports, Upulmali Premathilaka, provided further details on the new rules.

“In 2020, vehicle imports were temporarily suspended. Following a Cabinet decision and observations made by the Central Bank, a gazette notification was issued to lift this suspension. As a result, the gazette has now been published, allowing vehicle imports into Sri Lanka under HS Code 8703,” she explained.

Premathilaka also highlighted that imported vehicles must be registered within 90 days. Failure to do so will incur a fine of 3% of the CIF (Cost, Insurance, and Freight) value, with the penalty capped at a maximum of 45% of the CIF value.

“Furthermore, if importers fail to register 25% of their imported vehicles within six months, their import permits will be suspended. The permission granted for vehicle imports under these conditions will also be revoked,” she added. The new regulations aim to strike a balance between facilitating necessary vehicle imports and safeguarding the country’s economic stability by preventing the over-importation of vehicles.



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Death toll rises to 607, missing persons reduce to 214 at 1800hrs today (5)

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The situation report issued by the Disaster Management Centre at 1800hrs today (5th December) confirms that 607 persons have died due to the adverse weather conditions while the number of missing persons has reduced to 214.

The number of persons affected topped the 2 million mark (2,082,195).

 

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Sri Lanka Navy takes delivery of Ex-USCGC DECISIVE

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The Sri Lanka Navy (SLN) formally took delivery of the EX- United States Coast Guard Cutter, USCGC DECISIVE, provided by the United States to SLN, at a ceremony held at the United
States Coast Guard Yard in Baltimore on 02 Dec 25. The event was also attended by the Commander of the Navy, Vice Admiral Kanchana Banagoda.

The ship formally joined the SLN fleet on 02 December under the pennant number P 628 and the main mast of the ship will fly the National Flag effective from that date.

Aiming to strengthen and develop partnerships to overcome common challenges in the maritime domain, the U.S. Coast Guard has previously provided 03 ships to SLN and they are currently patrolling island waters under the names of ‘Samudura’ (P 621), ‘Gajabahu’(P 626), and ‘Vijayabahu’ (P 627).

As an extension of partnership ties that bring value to each other’s services, Ex-USCGC DECISIVE was transferred as the fourth ship to be handed to SLN.

Ex-USCGC DECISIVE, a ‘B-Type Reliance Class 210-foot Cutter’, measures 64m in length, and having endurance of 6000 NM at cruising speed. Further, she has been designed for a
crew of 100 and is equipped with weapons and machinery.

The ship which was used by the U.S. Coast Guard has rendered exceptional service during her tenure by curbing illegal activities, including smuggling of narcotics in U.S. waters.

Sri Lanka inherits an Exclusive Economic Zone (EEZ) that is seven times larger than the landmass. In such a backdrop, the Navy is determined to deploy this vessel in wide-ranging
operations that include the conservation of marine resources in the region and the search and rescue of naval and fishing communities in distress. Thereby, the Navy will be able to utilize
this vessel efficiently in the future to achieve the national aspiration, while ensuring safe and secure seas for all economic affairs.

The formal handing over – taking over ceremony was also distinguished by the presence of the Deputy Chief Acquisition Officer and Director of Domain & Integration Services U.S. Coast
Guard,  James L. Knight, Deputy Assistant Secretary of War for South and Southeast Asia, Dr. Andrew Byers, the Ambassador of Sri Lanka to the United States, Mahinda Samarasinghe, Commanding Officer designate of P 628, Captain Gayan Wickramasuriya as well as a group of officials from the Embassy of Sri Lanka in United States and the State Department
of the United State

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486 dead, 341 missing, 171,778 displaced as at 0600hrs today [05]

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The situation report issued by the Disaster Management Center at 0600hrs today [5th December] confirms that 486 persons have died and another 341 persons are missing after the devastating weather conditions in the past week.

171,778 persons have been displaced and have taken refuge at 1,231 safety centers established by the government.

 

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