Industry Analysis

CEAT Kelani Denies Being the Company Penalized by Customs Department

CEAT Kelani International Tyres (Pvt) Ltd. has unequivocally clarified its stance amidst media reports suggesting a legal dispute over Customs Duties. The company has firmly stated that it is not involved in any such dispute with the Customs Department and is not under investigation or facing penalties related to Customs Duties. Emphasizing its commitment to legal and regulatory compliance, CEAT Kelani assures its customers, stakeholders, and the public of its adherence to all requisite obligations, including timely payments.

In response to recent media coverage alleging non-payment of Customs Duties by a leading tyre manufacturer, CEAT Kelani International Tyres has moved swiftly to address misconceptions. The company asserts its dedication to conducting business ethically and in accordance with the law, highlighting its proactive approach to fulfilling financial obligations promptly. This statement aims to dispel any concerns regarding the company’s compliance and reinforce trust in its operations.

As a significant contributor to Sri Lanka’s tyre industry, CEAT Kelani underscores its pivotal role in the nation’s economy. With substantial investments and a strong export portfolio, the company not only meets domestic demand but also supports foreign exchange conservation efforts. CEAT Kelani’s reassurance reflects its commitment to upholding legal standards while continuing to contribute positively to Sri Lanka’s economic growth and stability.