Vehicle Duty Increased In The Budget

[ramithad]

Today i got to know that vehicle duty on reconditioned vans has incresed by revision of XID.

patrol van duty has increased by around 2-2.5 laks and diesel van duty has increased by 4-4.5 laks.

eariler we got to know indian KEI car duty increase by around 5 laks due to 7.5 laks lower limit in XID.

[Crosswind]

What's your source of this info? a car sale guy?

Edited November 12, 2012 by Crosswind

[ramithad]

No. Got this information from a customs officer.

[Magnum]

:speechless-smiley-004: :speechless-smiley-004: :speechless-smiley-004: :speechless-smiley-004:

[Schiffer]

you been talking too much to brokers and car salesmans

even if they increase the tax, they increase as percentage.

[kanchanap]

Below are the types get affected.. HSCODE for van is 8704.21.91 AFAIK...

http://www.customs.gov.lk/tariff/Import%20Cess%20Gazette.pdf

http://www.customs.gov.lk/tariff/budgetSpeech2013-eng_73_91.pdf

[kanchanap]

and this?

http://www.customs.gov.lk/tariff/rpo2013.pdf

[c1nder]

I think ramithad right about Exicse Duty on Motor vehicles below 1000cc at least. But I don't think it raises the vehicle price by 5 laks.

From http://www.treasury.gov.lk/sinhala/depts/fpd/gazetts/Excise20121109.pdf

[kanchanap]

yep

And some changes to the Taxes to Lorries, Trucks based on ton capacity..

[ramithad]

import duty portion of suzuki maruti and alto cars are around 2 laks. therefore those cars increased by more than 5 laks. my other information related to van duty hike is also correct. you will get to know this very soon and most of the poeple wouldnt beilve it since RAJA'S MEDIA didnt publish that.

[SimpleAuto]

I guess they have increased the tax of many items.........hummmmm.

[nadisha]

prices of all most everything is going up. with or without added tax. vehicle prices will not be mutch of a difference.

[kanchanap]

Hello ramithad,

Other than based on rumours can you show how the commercial van tax has increased by this budget by numbers?

For HSCODE : 8704-21-91

Old XID -> 56% New XID -> 56%

Old CID -> 30% New CID -> 30%

( Old values refer to the ones imposed on 31-March-2012 )

ref:

http://www.customs.gov.lk/ All changes have been published....

[ramithad]

There is a HS code change for a diesel and patrol vans. thats what they said. DO NOT BEILVE WHAT THEY PUBLISHED ON WEBSITE. I GOT A CONFIRMATION FROM CLEARING AGENT AS WELL.

[charitha19]

people who does the laundry says that it aint so... oh really... we believe u..

[kanchanap]

Hello ramithad,

I also got to know today this hscode change... old HSCODE 8704.21.91 remains for Double cabs.. Petral and Diesel vans they are going to have a new hscode they said.. Could you Please publish the new HSCODES for Vans as soon as you receive it from your clearing agent....

[terrabytetango]

Agricultural vehicles have gone up though. So much for attempting to import a Lamborghini tractor :/

[kanchanap]

Heard that Lamborghinis have already arrived at port...

[ramithad]

still i havn't get the HS code. Today morning i get the XID change for the patrol vans that includes buddy vans. old xid was 56. new XID is 70. buddy vans will be increased at least from 2 laks. this is valid for all patrol vans from buddy vans to up toyota hiace and nissan caravan. diesel vans has incrseased too.

[liya]

In some ways its getting easy to guess what will be reduced in Somalia's Sri Lankas budget in the future.

Say for example, if the one of putha's girlfriends wanted gold encrusted Rolls Royce for her personal use, we know that the next budget will reduce the price of Gold encrusted Rolls Royce

So all we have to do is make a list of all the whims and fancies of the royal family and wait until the next budget to buy it

[kanchanap]

Looks like they have made a fruit salad this time... According to a clearing agent nothing is currently in operation in Customs Vehicle section. (Bcs of HSCODE Confusions)

I have checked with a friend who cleared a buddy van last April

HSCODE : 8704.31.71 XID : 56%

According to latest .pdf published on Custom site new XID is 41% for 8704.31.71 ... Which means a drop....

Total Confusion ....

[Simplelife]

http://www.dailymirror.lk/news/23504-vehicle-prices-going-up.html

[ramithad]

NEWS FOR THE PEOPLE DO NOT BELIVE MY NEWS. BUT MEDIA IS TOO LATE

http://www.dailymirror.lk/news/23504-vehicle-prices-going-up.html

[Crosswind]

Bullsh*t.

This is not a report about the budget speech or about a government circular, but a report about what "Mahinda Sarathchandra the chairman of the Vehicle Importers’ Association" said.

In one sentence he says "The Excise Duty on all vehicles had gone up by between Rs.200,000 and Rs.500,000"

but the rest of the report talks about cars less than 1000CC, vans and trucks. There's no mention about cars more than 1000CC.

Reading between the lines, what I can see is that the car salesmen are just trying to say that taxes for <1000CC cars have increased so we will also increase the price of >1000CC cars!

[Simplelife]

Bullsh*t.

This is not a report about the budget speech or about a government circular, but a report about what "Mahinda Sarathchandra the chairman of the Vehicle Importers’ Association" said.

In one sentence he says "The Excise Duty on all vehicles had gone up by between Rs.200,000 and Rs.500,000"

but the rest of the report talks about cars less than 1000CC, vans and trucks. There's no mention about cars more than 1000CC.

Reading between the lines, what I can see is that the car salesmen are just trying to say that taxes for <1000CC cars have increased so we will also increase the price of >1000CC cars!

True that! and howcome racing cars has a 30% duty when those are suppose to excepted from taxes?... pretty confusing report i should say....

Edited November 15, 2012 by Simplelife