madusha8

guys actually goverment did not increase the taxes. But the thing is taxes are calculated by the valiation of foreigh curency. so the dollor of going up the taxes are going up. [email protected]

example= toyota hiace diesel van KR-KDH200V SL Agent valivation for this van is 1819500JPY. So this is how it works. the sl agent valiue is the cost of the same vehicle (B.new CIF) import by the SL Agent from japan. so the duty will be 120% from that. when you import a used vehicle it has a depreciation it calculated by the period of first reg. date and the shipment date in japan (customs.gov.lk). that means in year 2009 van depreciation will be 55% from the agent valiue. 1819500JPYx55%= 1000725JPY this will be the price that customs gonna calculated the duty. so your invoice valiue for this vehicle must be lower than the Agent valiue. if it is not custom will take your valiue (which will take the higher valiue) for duty process. now the duty is (Agent valiue) x (customs Depreciation) x 120% 1819500JPYx55% x 120%= 1200870JPYx1.5(convert to LKR)= 1801305rupees. Tip= try to import a vehicle max 5years of age (2007) that will gain your depreciation. so that can help to lower your import duty. ####