Budget proposals need a few changes to be practically viable-VIAL

The proposed budget proposals although principally acceptable need a few practical changes to be really meaningful said vehicle Importers’ Association of Sri Lanka (VIAL) Chairman Indika Sampath Merenchige.

He said they would be lobbying to reintroduce the unit rate of Rs 1750 for 1250 cc to 1,500 cc categories which would be beneficial for both the customer and country alike.

Similarity they would also request to revoke the categorization of used electric cars and brand new electric cars for tax calculation, for the proposals to be really practical.

Apart from these concerns the association has no other big hiccups with the budget proposals Merenchige asserted.

Figures courtesy of VIAL.