If Customs duty = 100% and PAL = 10%
CIF = 1,500,000 Yen = 2,814,137.89 LKR
CIF Rounded = 2,900,000.00
1. Customs duty: 100% * CIF = 2,900,000.00 (Not sure if customs duty is 100%. Taken from the above calculation by someone else)
2. Excise duty: 996CC * 2450 = 2,440,200.00
3. VAT = (2,900,000 + 290,000 + 2,440,200 ) * 18% = 1,013,436.00
4. PAL = 10%*CIF = 290,000.00 (Not sure if PAL is 10%. Taken from the above calculation by someone else)
Total Tax = 6,643,636.00
Final Price = 6,643,636.00 + 2,900,000.00 = 9,543,636.00
Dealer Markup + Luxury tax to be added. Not sure if SSCL is applicable
If Customs duty = 20% and PAL = Exempt and SSCL= 2.5%
CIF = 1,500,000 Yen = 2,814,137.89 LKR
CIF Rounded = 2,900,000.00
1. Customs duty: 20% * CIF = 580,000.00 (Not sure if customs duty is 20%.
Here's the source)
2. Excise duty: 996CC * 2450 = 2,440,200.00
3. VAT = (2,900,000 + 290,000 + 2,440,200 ) * 18% = 1,013,436.00
4. SSCL = (2,900,000 + 290,000 + 2,440,200 ) * 2.5% = 140,755.00
Total Tax = 4,174,391
Final Price = 4,174,391 + 2,900,000.00 = 7,074,391.00
Dealer Markup + Luxury tax to be added
<1300
CIF = 2,500,000 Yen = 4,689,635.02 LKR
CIF Rounded = 4,700,000.00LKR
1. Customs duty: 20% * CIF = 940,000.00
2. Excise duty: 1196CC*3850 = 4,604,600.00
3. VAT = (4,700,000 + 470,000 + 4,604,600.00 ) * 18% = 1,759,428.00
4. SSCL = (4,700,000 + 470,000 + 4,604,600.00 ) * 2.5% = 244,365.00
Total tax : 7,548,393.00
Final price = 10,448,393.00
Dealer Markup + Luxury tax to be added