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Message: <blockquote data-quote="drcurry1406" data-source="post: 9948021" data-attributes="member: 81204"><p><span style="font-family: 'Century Gothic'"><img src="http://www.dailymirror.lk/images/images-60-60(47).jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /><strong><span style="font-size: 15px"> Tax increased on petrol vehicles</span></strong></span></p><p><span style="font-family: 'Century Gothic'"></span></p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 10px">Monday, 25 April 2011</span> </span></p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px">The excise duty on hybrid vehicles and petrol vehicles will see sharp increases, Customs and Treasury officials said.</span></span></p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"></span></span></p><p> <span style="font-family: 'Century Gothic'"><span style="font-size: 12px">Hybrid cars with engines below engine capacity1600 CC will see an imposition of  8 per-cent excise duty, according to Deputy Director General of Customs Ajantha Dias. For hybrid cars with engines above 1600 cubic centimeters excise duty will be increased to 24%.</span></span></p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"></span></span></p><p> <span style="font-family: 'Century Gothic'"><span style="font-size: 12px">Meanwhile on hybrids between 2000 to 3000 CC excise duty will go up close to 75% and above 3,000 CC to 100%.</span></span></p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"></span></span></p><p> <span style="font-family: 'Century Gothic'"><span style="font-size: 12px">Earlier, there was no excise duty on hybrid vehicles but only 15% tax and a 12% VAT. In the past two months about 3,000 hybrids have been imported into the country. </span></span></p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"></span></span></p><p> <span style="font-family: 'Century Gothic'"><span style="font-size: 12px">Meanwhile the excise duty on petrol vehicles less than 1000 CC will see an increase of about 38 per-cent from the previous rate between 23% while those between 1000 and 1500 CC will see an increase in excise duties of 43%. (<strong>Dianne Silva)</strong></span></span></p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'Century Gothic'"><span style="font-size: 12px"><span style="font-size: 10px"><strong>Source:</strong> <a href="http://www.dailymirror.lk/top-story/11045-tax-increased-on-petrol-vehicles.html" target="_blank">DailyMirror</a></span></span></span></p></blockquote><p></p>

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