CMTA calls on Govt. to plug Rs. 120 b revenue leakage linked to 15% depreciation
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Daily FT reports that the Ceylon Motor Traders’ Association (CMTA), an automotive body affiliated with the Ceylon Chamber of Commerce, urged the Government to take action in the upcoming 2027 Budget.
Daily FT says CMTA is calling for the removal of the 15% depreciation concession granted on used vehicle imports, which the association links to Rs. 120 billion in revenue leakage.
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