AUTOMOBILE: Sri lanka's newest excise duty hike on all the imported hybrid vehicles and petrol vehicles

According to Deputy Director General of Customs Ajantha Dias, excise duty of all the imported hybrid vehicles and petrol vehicles will see see an increase ,as of

From now on used Petrol vehicles up to 02 year can be imported to the country.
Earlier it was 31/2 years.

•  petrol  vehicles

         Engine capacity <  1000 CC
             38 % excise duty

        Engine capacity  > 1600 CC
            243% excise duty

•  hybrid electric vehicles

         Engine capacity <  1600 CC
             8 % excise duty

        Engine capacity  > 1600 CC
             24% excise duty

       Engine capacity between 2000CC to 3000 CC
            up close to 75%


 Engine capacity  > 3000 CC
  up close to 100%



Notes :  it is reported that the imports of this type had risen more than 1000 owing to the tax concessions of 15% tax and a 12% VAT  during past three months.
        
   
As to the United Motors official
  Currently a Viva car costs about 1.3 million rupees and expects to rise by about  150,000 rupees
  Mitsubishi Lancers with engine capacities between 1,000cc and 1,600cc, to be about  250,000 rupees

As to Associated Motorways,they are yet to make a approximate figure of their popular brands Maruti and ALTO

notes :  it is reported that the imports of this type had risen more than 1000 owing to the tax concessions of 15% tax and a 12% VAT  during past three months.


following is quoted from http://www.asiantribune.com/news/2011/04/25/sri-lanka-raises-vehicle-import-taxes

Hybrid electric vehicles will reduce the fuel cost and safeguard the environment.
A hybrid vehicle combines an internal combustion engine (petrol or diesel) and one or more electric motors to drive it.

Electric motors are driven by power supplied by much advance batteries which again charged by the power supplied by the internal combustion engine while the vehicle is driven by it.

As a result overall fuel consumption of the vehicle improves and runs more km with 1 l of petrol.

for more info on hybrid http://www.hybrid-cars.org/