Banks

Dear All

Here you have the complete list of banks in Sri Lanka that have a correspondent relationship with our banks here in Japan.

Bank name	URL	Swift code
Sampath Bank	http://www.sampath.lk/	BSAMLKLX
Commercial Bank of Ceylon PLC	http://www.combank.net/	CCEYLKLX
National Development Bank PLC	http://www.ndbbank.com/	NDBSLKLX
HSBC	http://www.hsbc.lk/	HSBCLKLX
People's Bank	http://www.peoplesbank.lk	PSBKLKLX
DFCC Bank	http://www.dfccbank.com	NMNJLKLX
Seylan Bank PLC	http://www.eseylan.com/	SEYBLKLX
Bank of Ceylon	http://www.boc.lk/	BCEYLKLX
Hatton National Bank PLC	http://www.hnb.net	HBLILKLX
Citibank N.A.	http://www.citibank.com/srilanka/	CITILKLX
Deutsche Bank AG	http://www.db.com/srilanka/	DEUTLKLX
MCB Bank Limited	http://www.mcb.com.pk	MUCBLKLC
Standard Chartered Bank	http://www.standardchartered.com/lk/en/	SCBLLKLX
State Bank of India	http://www.statebankofindia.com	SBINLKLX

Another bank added

Dear all

Today we are happy to inform you that the Hatton National Bank HNB http://www.hnb.net

Has correspondent relationship with our main bank here in Japan, so you can also open LC from this bank.

http://www.hnb.net/data/tools/country_correspondents.php?pid=73

Here you have the list of banks we work with in Sri Lanka.

• Sampath Bank http://www.sampath.lk/
• Commercial Bank of Ceylon http://www.combank.net/
• NDB http://www.ndbbank.com/
• HSBC http://www.hsbc.lk/
• People's Bank http://www.peoplesbank.lk
• DFCC bank http://www.dfccbank.com/
• Seylan Bank http://www.eseylan.com/
• Bank of Ceylon http://www.boc.lk/
• HNB http://www.hnb.net

If your bank is not listed here, please drop us a line and inform us we will be more than happy to ask our Japanese bank.

YM

One more bank added

Dear all

Today we receive the good news that the reputable bank NDB http://www.ndbbank.com/

Is added to our LC partners in Sri Lanka.

If you work with this bank you will be benefited from this announcement.

So far banks that we work with:

• Sampath Bank http://www.sampath.lk/
• Commercial Bank of Ceylon http://www.combank.net/
• HSBC http://www.hsbc.lk/
• People's Bank http://www.peoplesbank.lk
• DFCC bank http://www.dfccbank.com/
• Seylan Bank http://www.eseylan.com/
• Bank of Ceylon http://www.boc.lk/

If your bank is not listed here, please drop us a line and inform us we will be more than happy to ask our Japanese bank.

YM

New Year's Announcement

Dear All as you know the New Year is coming soon we wish you a HAPPY NEW YEAR 2011
We hope this new year brings more peace, joy, wisdom and wealth.
Our scheduled holidays start on Dec 28th (Tue) and we come back on Jan 6t

Why to buy a Hybrid car?

Dear All

In JPC TRADE CO, LTD. we are all excited about the great news from Sri Lankan government regarding the tax reduction for importing vehicles.

There was a reduction on Duties and excise duties mainly.

Special mention refer to those hybrid cars that are going to be only 39 % of CIF value. If you don't believe (we also didn't believe it) please check the following.

The reduction was applied not only on the Excise duty, but also VAT.

Here is a table comparing a petrol car in 2010 versus a hybrid car in 2011

	Used cars not more than 3.5 years (PETROL) 2010	Used cars not more than 3.5 years (HYBIRD) 2011	Reduction
HS CODE	8703.22.50	8703.21.91
Duty	30 %	15 %	50 %
NBT	3 %	3 %	0 %
VAT	20 %	12 %	66 %
Excise duty	17 %	0	100 %
PAL	5 %	5 %	0 %
SRL	1.5 %	0	100 %
Cess
RIDL	5 %	0	100 %
Total % of CIF value approximately	125.27 %	39 %	220 %

Source: Sri Lanka Customs http://www.customs.gov.lk

For further references please check the following links

https://docs.google.com/viewer?url=http://www.customs.gov.lk/mvupdatehb/mvpghb1.pdf

https://docs.google.com/viewer?url=http://www.customs.gov.lk/mvupdatehb/mvpghb2.pdf

https://docs.google.com/viewer?url=http://www.customs.gov.lk/mvupdatehb/mvpghb3.pdf

Not convinced yet, here is another powerful reason to buy a Hybrid, especially the PRIUS one.

According to Toyota the PRIUS has an estimate of 51 mpg on City conditions, 48 mpg on Highway and 50 mpg combined.

http://www.toyota.com/prius-hybrid/specs.html

50 miles are equivalent to 80.46 km. and one gallon equals 3.78 Km. so it will give a combined 21.28 kilometers per liter, an astonishing rate.

So you will save not inly on taxes but petrol as well.

Please do not wait any more and send us the ID number so we will be happy to bid on behalf you.

YM