How to Export Luxury Cars to Sri Lanka? | GVE London – Blog

Exporting luxury cars to Sri Lanka has never been easier than it is now. These are exciting times for the automotive industry. Whether you’re a dealer, a private seller, a supercar showroom owner, or even an enthusiast, this one’s for you. As of February 1, 2025, Sri Lanka has lifted its four-year ban on vehicle imports. This means individuals can now bring their luxury and supercars into Sri Lanka for sale or personal use.

Why Export Luxury Cars to Sri Lanka?

Sri Lanka had been going through an internal crisis, making their economy rather destabilised. However, things have started to take a turn for the good, improving and stabilising each passing day. There is a rise in foreign reserves, as well as inflation being controlled as much as possible.

So, naturally, the country’s affluent class with a higher disposable income is looking to invest in luxury vehicles. Buyers are interested in supercars, SUVs, and high-end models that are not available locally. As a result, exporting cars from the UK to Sri Lanka has become more common.

Understanding Import Regulations

Luxury car export to Sri Lanka has become easier, but it is still far from a walk in the park. In order to successfully import a vehicle into the country, you must follow the very specific guidelines provided by Sri Lanka’s government. They are as follows:

• All imported cars that are used must be less than three years old. No such capping exists for new cars.
• All cars must meet Euro 4 or higher emissions standards.
• Only right-hand drives are allowed. However, thankfully, that isn’t an issue for UK exporters.
• Imported vehicles must be registered with the Department of Motor Traffic within 90 days of the Bill of Entry/Customs Declaration (CUSDEC) date.
• Individual importers are allowed to bring in only one vehicle within 12 months.

Ready for Some Taxes?

One of the biggest issues with luxury car exports to Sri Lanka is the taxes imposed upon the cars, which end up making them even more expensive than they already are. It is always best to check the percentage of taxes regularly, as these do change from time to time. However, the taxes imposed will be excise duty, customs duty, Value Added Tax (VAT), Port and Airport Development Levy (PAL), and Social Security Contribution Levy (SSCL).

Shipping and Logistics

Air freight is hardly ever utilised for exporting cars to Sri Lanka due to how expensive it is, and there isn’t a market for extremely expensive hypercars there. Instead, the container shipping method is the preferred method, with all vehicles shipped to ports like Colombo or Hambantota. RoRo (roll-on/roll-off) shipping is also an option, but it isn’t recommended for transporting high-value vehicles.

Now, once the car arrives at its destination, it is best to have a local agent who can help you throughout the process. Pay all the needed fees and arrange for the car to be delivered to the buyer or a supercar showroom. Keep all the paperwork and invoices handy. Speaking of which, here are the documents you’ll need:

• Original Bill of Lading
• Purchase Invoice
• Original Registration Certificate (with an English translation)
• Pre-shipment Inspection Certificate
• Import License
• Customs Goods Declaration
• Letter of Credit
• Insurance Certificate

Conclusion

Luxury car exports to Sri Lanka can be a rewarding venture, provided it is done correctly and the buyer understands the high costs; the taxes really shoot up the price. It is recommended to tie up with a supercar showroom like GVE London to help you out throughout the process, both as a buyer and seller. Get in touch with us today.