Home Uncategorized BYD scandal: Importers may face penalties
Uncategorized

BYD scandal: Importers may face penalties

Share
Share

Sri Lanka Customs will take action regarding discrepancies identified in the declared motor capacities of certain BYD electric vehicles imported into the country, Minister of Labour and Deputy Minister of Economic Development Prof. Anil Jayantha said.

Speaking during a talk show on a private television channel, the Minister noted that while some of these vehicles have already been cleared by Customs, they are still subject to post-clearance audits.

“If an error is found in the declared motor capacity, any shortfall in duty will have to be paid,” Jayantha said.

The issue stems from recent concerns raised over inconsistencies between the declared and actual motor specifications of some BYD electric vehicles.

Jayantha further clarified that the importer would bear full responsibility for any outstanding tax obligations arising from the investigation.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Uncategorized

Sri Lanka’s overseas migration likely to exceed 300,000 again this year

Sri Lanka’s annual overseas migration is likely to exceed 300,000 people again...

Uncategorized

India’s consistent assistance a model for the Indian Ocean and Indo-Pacific Regions – Lankan Envoy

As India recently announced a US$ 450 million “reconstruction package” for Sri...

Uncategorized

Cyclone relief pushes Sri Lanka’s deficit higher, raising debt concerns

Sri Lanka’s fiscal position has weakened sharply following Parliament’s approval of a...

Uncategorized

Sri Lanka health minister acknowledges testing limitations after contaminated drug deaths

Health Minister Dr. Nalinda Jayatissa has acknowledged that the drug testing process...