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Hi Guys, I'm planing to import a 2009 Dec/ 2010 Jan Toyota Vitz SCP90, auction grade 4 car from Japan. I studied some online auction site statistics and seems like we can get hold of one for about 650,000 Yen. (average) But I'm a bit concerned about the duty that I will have to pay at the port, according to my knowledge this is what I have gathered so far and guys please correct me if I'm wrong... Lets assume the car will cost 650,00 Yen at the auction, (check attached image) 1. FOB price = 650,000 Yen 2. Depreciation value for car (more than 1 and a half years but less than 2 years) = 70% check SL customs site 3. Lets say for Insurance + freight + Auction charges + additional accessories = 300,000 Yen 4. Total Duty as % of CIF = 120.5750% check tariff calculator According to this, 1. CIF value = (650,000 x 0.7) + 300,000 check SL customs site = 755,000 Yen 2. Total Duty = 755,000 x 120.5750% = 910,000 Yen 3. Total cost for car = 1665,000 Yen x 1.4141 = Rs. 2354,000 I wonder if I have made any mistakes but this seems pretty cheap for a car like this and it's too good to be true. The SL customs site says that they take the agent valuation for the FOB price and takes which ever is higher. How can we get the agent valuation price for this particular model? Does anyone know the agent valuation price for this? Are there any hidden charges which I haven't mentioned here? Please enlighten me guys, Thanx...