Excise duty for vehicle imports announced

androlanka

Well-known member
  • Aug 5, 2014
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    IW5KLh0.png


    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
    meke Customs duty: 20% kiaynne mokakada machan?
     

    Hyaenidae

    Well-known member
  • Apr 8, 2015
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    cylinder capacity not exceeding 1000cc ekata thiyenne zero neda? why other eke thiyena 20% damme calcualtion ekata

    Nope that's the HS code 8703.21

    So all other codes starting with it relates to that:

    8703.21.10 should be read as "ambulances and prison vans not more than three years old with cylinder capacity not exceeding 1000CC"

    8703.21.64 should be read as "All terrain vehicles (ATV) with cylinder capacity not exceeding 1000CC"

    8703.21.69 should be read as "Other vehicles with cylinder capacity not exceeding 1000cc"
     
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    SIC

    Well-known member
  • Dec 3, 2012
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    KALUTHARA
    dn
    over 1000cc genwanna deno kiuwada officially ? used genwanna deno kiwada ? kalin dakka widihata brand new 1000cc ta adu ewa witarai genne neda?
     

    pc kush

    Well-known member
  • Feb 5, 2010
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    meke importers la nadda ban?innawanam me tax structure eka explain karapallako.Yariss Cross ekak kiyak withara wei da kiyala me yana widihata.
     
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    Wickybro

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  • Jan 31, 2023
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    Sale karayo tv eke kiyana vidihata 2019 ta sapekshawa Laksha 5-10 atharey ne wedi wenne. ekiyanne 2019 price ekka loku gap nane artifical