Customs agrees to release 991 detained BYD vehicles subject to conditions

The Director General of Sri Lanka Customs agreed before the Court of Appeal today to release 991 vehicles of the ‘BYD’ brand that are currently detained by customs, subject to certain conditions.

This agreement was expressed after considering a petition filed by John Keells CG Auto, the authorised distributor for BYD vehicles in Sri Lanka, against the detention of the relevant vehicles.

Accordingly, the aforementioned conditions state that the amount of nearly Rs. 3.6 billion, calculated as the difference between the taxes owed for the relevant vehicles, should be submitted as a guarantee in a state bank and the petitioning company should agree to pay the interest applicable to that guarantee.

After the petitioning party agreed to several of the conditions presented, the Director General of Sri Lanka Customs expressed his agreement to the court regarding the release of the vehicles in question.