Importing Japanese Used Cars Into Sri Lanka
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News:
23rd October 2007
According to media reports in Tokyo, the number of appraisals(pre-shipment inspection) for used vehicles by Japan Auto Appraisal Institute (JAAI) has been sharply increasing from the beginning of March. JAAI commenced the pre-ship inspection in accordance with the revised criteria, from January 15, 2007, as per request of Sri Lanka Government. And then, exporters temporary suspended the export of used vehicles to watch the course, while importers lobbied against the bill lively. As a result, although the number of appraisals reached over 500 used vehicles in January, that figure fell to only a few in February. However ,newly opened L/C stipulate to obtain JAAI certificate, on the account of it, applications for appraisal has been sharply increasing from the beginning of March and the proceeding has been pressing JAAI. It is said that Sri Lanka government made some instructions to banks to add certain stipulation to obtain regarding JAAI certificate on the relevant L/C.
02nd October 2007
Sri Lanka government has decided not to allow the importation of reconditioned motor cars that have been used for more than two years. Earlier the government allowed the cars reconditioned after three and half years of use to be imported. The period of use for reconditioned vans will also be decreased from five years to three years. The new law will be in effect from 1st February. The secondhad car market rapidly responded to the government's decision with price increases, a trader of used cars said.
HOW MUCH IT WILL COST
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