Finance Minister proposes to release all vehicles seized at the Sri Lanka Customs owing to non-payment of applicable taxes and other reasons. Such release will be subject to the applicable taxes and fines.
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It is also proposed to impose a fee on vehicles meeting with accidents with the opportunity of reimbursing this fee from the insurance.
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Through this initiative, it is expected to reduce the number of motor vehicle accidents.
In addition, it is proposed to impose a fee on vehicle modification, alteration, and refurbishment; and, subject to an amnesty period to pay fines, legally register illegal motor cars and motorcycles, if they are in a condition suitable for the road.