Sri Lanka has imposed a temporary 50 per cent surcharge on customs import duty for imported vehicles, aiming to slow demand for foreign exchange as higher oil prices and Middle East tensions put pressure on the rupee.
The measure, effective from 16 May for three months, applies to selected motor vehicles including passenger cars, jeeps, vans, buses, goods transport vehicles, ambulances, electric vehicles and hybrids. Vehicles for which letters of credit were opened on or before 15 May are exempt, limiting