arunajn

But what is the effect of VAT reduction from 12% to 7%?

Thank You cdj & Stig... I have seen some Power Shutter switches for sale on ebay. Do you think If we buy the switch, can above places fix the mechanism? Any way, I'll check with above places. If anyone knows any place around Negombo please let me know. Thanks

Dear Experts, Could you please advise me whether we can convert Manual shutters to power shutters ? My car is Mazda Demio 2001 without power shutters. If anyone can help me on this? If this is possible, how much will be the cost? Thanks in advance for your kind advise... Aruna

I also facing the same problem. Once the add is clicked we can see "ad.asp(GIF Image,1X1 Pixels)" only.

Hi guys, Did you see this news? http://www.adaderana.lk/news.php?nid=11012 Hope all the government employees entitle for this 50-70% reduction. Anyone knows more about this?

http://www.rivira.lk/2010/11/21/puwath1.htm Please see this article regarding new Tax Structure.

It seems some car Importers in this forum try to manipulate the situation. Even if the Car Importer or an individual, there won't be any difference in the VAT effect. As, ultimately buyer has to bear the VAT. Only difference will be BTT & the Finance Cost. I don't think those cost will be around 3-4 lacks???? Also if you try to find, in some reliable websites still the Belta will be around 1.1 Mn...But Belta 1.3cc will be around 1.4Mn... Therefore if you are going to import a vehicle personally you can have a benefit of 3-5 lacks minimum. Therefore I request the forum members who are willing to import vehicles don't depend on the statements of others...Try to find the accurate information instead of depend on unknown peoples opinion. (Sometime it may be a Car Importer's opinion.)

Great Idea... I'm in for the team...Any body in the forum who can coordinate this???????

QUOTE (Killer-B @ Jul 10 2010, 04:29 PM) <{POST_SNAPBACK}> There is nothing except for the depreciation fact really, but you can import a vehicle that is upto 10 years old, you pay less duty and taxes to srilankan customs (I am still trying to verify this fact) and the only car that I would like, if I am importing under normal import procedure is a corolla AXIO which seems to be beyond my budget and I really don't like the looks and performance of the BELTA/YARIS I will be all set by august hopefully, wonder why you gave up the idea? It is not much of a hassle if you have the right people to help you with it Killer-B, Are you sure that they are (Custom) allowing 10 years old vehicle under GIFT PERMIT? As per one document which was in customs website (Now I couldn't find that, but last year it was there) They are allowing 10 Years for Blue Permit & 5 years for GIFT PERMIT. Pls double check....Also let us know if you could find.

QUOTE (Killer-B @ Jul 9 2010, 11:36 PM) <{POST_SNAPBACK}> Two cars from mazda and toyota, both sedans, same engine capacity- both have 1.5L VVTi engines if I am not mistaken, both are roughly about the same price (the toyota has a slightly higher market value just because it is a "toyota") Ok, Our family thought of getting down a car for a gift permit after looking into the whole process very very deeply. I am now looking at a axela or a corolla (YOM 2003/04) l personally would go for the axela over the corolla because it looks better than the corolla and is not very common in the roads (121's are flooding the roads) and having driven an axela, the handling is perfect for me on a positive note , the 121's fuel consumption makes you fall in love with the car So, like always I am in doubt I'd be delighted if anyone could explain to me which of these could be a better choice..... Cheers! KillerB, I wonder what factor made you to go for a Gift Permit? As per the new Tax reduction, you will be more benefited if you by a car under normal import procedure. as the new tax reduction will not be applicable to the Gift Permit Scheme. (Still you can import a 5 year old vehicle under Gift Permit if I'm correct. Blue Permit will allow for a 10 year old vehicle) I also planned to go for a Gift permit, but later gave up the idea. Could you please tell me what are the benefits of going for Gift Permit. (Other than the depreciation allowance)

Dear all, Is there anyone in this forum, who is in a process of importing a vehicle after the tax reduction? Could you guys please explain the procedure/process of importing. (I know we have already discussed some areas, but I'm asking the total process) Also just explain the difficulties of this process. (I heard that If individual is planning to import a vehicle he must obtain a temporary VAT registration, then the import license etc....)Hope this will be a great help for all who are planning to import a vehicle. Thanks in advance.

Dear all, I'm new to this forum. But I was with you more than 2 years as a guest. Fire Dragon, Do you know anybody who is importing for these prices?