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Importers object to Treasury proposal to release detained vehicles with 35% surcharge
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AdaDerana RSS
Counsels representing a group of vehicle importers have raised objections before the Court of Appeal against a proposal submitted by the Treasury to impose a 35% surcharge in order to release vehicles currently held by Sri Lanka Customs.
These vehicles were detained due to being imported into the country under letters of credit opened at foreign banks.
President’s Counsel Faiszer Musthapha, appearing on behalf of several vehicle importers related to the matter, expressed this objection before court today.
Additionally, President’s Counsels Ikram Mohamed and Sanjeeva Jayawardena, who appeared on behalf of several other importers, also objected to the Treasury’s proposal.
The bench further instructed the Additional Solicitor General to report back to court on October 10 regarding the possibility of releasing the vehicles under such conditions.