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Posted

Engine Capacity/(CC) Old Tariff New Tariff Old Tariff New Tariff

Bellow 1000 187 90 412 179

1000 to 1600 217 115 510 185

1600 to 2000 299 150 524 271

2000 to 3000 299 150 524 271

Over 3000 299 190 524 290

Specimen Calculation for a Brand new Yaris under new and old tariff (IN USD)

New Old

Consignment Price 11000 11000

Insurance and Freight 3000 3000

CIF Value 14000 14000

Duty (14000*115%) (14000*217%)

16100 30380

Agent Handling Fee 2000 2000

Misc. 500 500

32600 46880

Saving = 46880 – 32600 = 16280 USD.

(Cost of New Hilux would be down to around 5.5 million from 10.5 million. Etc. etc.)

How this would change SL buying/ selling pattern of the motor car?

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