Sri Lanka, June 9 -- Sri Lanka Customs has said that vehicle imports have remained broadly stable despite a temporary surcharge imposed earlier this year, with the sector continuing to generate about one-third of total Customs revenue.

Speaking to the media, Customs Spokesperson and Additional Director General Chandana Punchihewa said the expected downturn in vehicle imports had not materialised, even amid reports of rising unsold inventories in the market.

Customs data shows that vehicle-related taxes contributed Rs. 91 billion out of total revenue of Rs. 235 billion in January, Rs. 75 billion out of Rs. 215 billion in February, Rs. 77 billion out of Rs. 231.9 billion in March, and Rs. 84 billion out of Rs. 242.9 billion in April. By 2...