i'm a newbie to the forum and it would be great if someone can answer my question.
-Say i'm going to import vehicle "X" which is 1st registered in NOV-2007 and is shipped from the exporting country on MAR-2011.
-Say that the agents valuation for a brand new "X" is CIF 200 ( C = 100 | I = 70 | F = 30 ).
-Say the tax for "X" in SL is 50% for the total CIF.
-Say that the my invoice value is below the agents value.
Since the car is 3-3.5years old and as per the depreciation table published on 22.11.2010 the total depreciation is 55%
Then my tax calculation would be:-
A = ( ( C * 55% ) + I + F ) * 50% Tax
A = ((100 * 55%) + 70 + 30) * 50% Tax
Total Tax amount = 77.5
Depreciation Table
Calculation of value of used motor vehicles
Tax Calculation
Is my calculation correct. I'm asking this just make sure of the calculation process in the customs website. Also I need to know what are the other charges other than the tax for the vehicle when clearing a vehicle, are there any container handling charges and all. Please enlighten me on this. hope this information helped anyone else too.
Thanks.
