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New regulations for vehicle importers to protect foreign reserves

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The Ministry of Finance has announced that vehicle importers must register at least 25% of their total imports within a six-month period or risk having their import permits suspended.

The new measure has been introduced to safeguard the country’s foreign exchange reserves, control excessive vehicle imports, and prevent unnecessary stockpiling of motor vehicles. However, the ministry clarified that these regulations do not apply to individuals importing vehicles for personal use, as they are permitted to import only one vehicle.

The regulations were discussed during a recent meeting of the Committee on Public Finance (COPF) on vehicle imports. Controller General of Imports and Exports, Upulmali Premathilaka, elaborated on the new framework.

“In 2020, vehicle imports were temporarily suspended. However, following a Cabinet decision and observations made by the Central Bank, a gazette notification has now been issued, lifting the suspension and allowing vehicle imports under HS Code 8703,” she stated.

Premathilaka further noted that imported vehicles must be registered within 90 days. Failure to comply will result in a fine of 3% of the CIF (Cost, Insurance, and Freight) value, with the penalty capped at 45% of the CIF value.

“If importers fail to register 25% of their imported vehicles within six months, their import permits will be suspended, and the permission granted for vehicle imports will be revoked,” she added.

The new regulations seek to maintain a balance between allowing essential vehicle imports and ensuring economic stability by preventing over-importation.



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Batalanda Commission report tabled … finally

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by Saman Indrajith

TheBatalanda Presidential Co-mission report was tabled in Parliament yesterday (14) by the Leader of the House and Transport Minister, Bimal Ratnayake.

Minister Ratnayake announced that the government has decided to forward the report to the Attorney General for legal advice. Additionally, a Presidential Committee will be appointed to provide guidance and recommendations on how to proceed with the findings of the report.

Ratnayake said that the Cabinet-of-Ministers, along with President Anura Kumara Dissanayake, has made a policy decision to take necessary action in response to the report. He reassured the public that steps are being taken to ensure that such a dark chapter in the country’s history is never repeated.

Minister Ratnayake said that a two-day debate on the Batalanda Commission report will be scheduled in Parliament at an appropriate time, allowing for a detailed discussion on the report’s findings and recommendations.

The report, which will be printed in all three official languages—Sinhala, Tamil, and English—will be made available to the public in the near future. Ratnayake confirmed that printed copies would be provided to Members of Parliament, as well as the general public, for review.

The Leader of the House revealed that there are 28 evidence volumes associated with the Commission’s work, which will be submitted to Parliament at a later date for further scrutiny.

Ratnayake said that as the entire country is concerned about the findings of the Batalanda Commission, the government’s commitment to addressing the issues raised, and preventing future atrocities, stands clear. The next steps, including legal action and policy recommendations, will be shaped by expert advice and informed parliamentary discussions, he said.

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COPE finds fake documents submitted for emergency procurement of drugs

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The Parliamentary watchdog Committee on Public Enterprises (COPE) has found that there were fake documents regarding the importing of medicines under the emergency procurement system in 2022 and 2023.

This was revealed during a COPE meeting held at Parliament probing the transactions of the National Medicine Regulatory Authority (NMRA).

NMRA CEO Saveen Semage told the Committee that several fake documents have been found due to the lack of registration of medicines.

Stating that six such fake documents were found last year alone, Saveen Semage said he had recorded statements regarding each of the documents with the Financial Crimes Investigation Division.

He revealed that, however, no investigations have been conducted yet into the incidents.

“We have documents with confessions from a woman accepting that fake documents had been made. However, a statement has not even been recorded from that woman yet,” he said.

Meanwhile, COPE member MP Asitha Niroshana Egoda Vithana also revealed that the highest number of waive-off registrations (WOR) for medicines had been obtained in 2022 and 2023.

He said 656 waive-off registrations (WOR) had been obtained in 2022 and 261 in 2023, adding that this proves that discrepancies have taken place during the emergency procurement of medicines during these periods.

Furthermore, Deputy Director General of the Medical Supplies Division of the Health Ministry, Dr. G. Wijesuriya, said discussions are underway on allowing the State Pharmaceutical Corporation (SPC) to directly import essential medicines.He pointed out that it was essential to take a policy decision in this regard as a solution to mitigate such discrepancies.

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Retired Superintendent of High Security Boossa Prison had threats – Prison Spokesman

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by Norman Palihawadane

Department of Prisons’ Media Spokesperson, Gamini Dissanayake said yesterday that retired Superintendent of the high security Boossa Prison, Siridath Dhammika, who was tragically gunned down at Thalagaha, in Akmeemana, on Thursday (13), had been provided with a firearm for his protection during his tenure, considering the potential threat to his life.

Dissanayake said that during his service period, he had received threats from certain individuals.

Furthermore, the Prison Department stated that during his service, there were no significant issues or shortcomings found in his personal records.

Dissanayake said that the majority of detainees at the Boossa Prison are individuals linked to organized crimes.

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