GLOBEALERT
Business● LowOct 30 · Oct 30, 2026, 6:37 PM

CMTA calls on Govt. to plug Rs. 120 b revenue leakage linked to 15% depreciation

GlobeAlert Desk · curated from ft_lk · sri lanka · South Asia

The Ceylon Chamber of Commerce-affiliated automotive body Ceylon Motor Traders’ Association (CMTA) yesterday urged the Government to take decisive action in the upcoming 2027 Budget to abolish the 15% depreciation concession granted on used vehicle imports.

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Threat level
1 Low

Scored from severity, scale, escalation potential and source agreement. Below the alert threshold.

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1 publisher

Single-source so far. Treat details as unconfirmed until more publishers report.

Category
Business

Not flagged as developing.

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