What Does Unregistered Mean?

[saraprobe]

Guys does that mean the importer has not paid custom charges? or in other words Gov taxes?

[hyacc]

Not registered in Sri Lanka yet(RMV).

[saraprobe]

  hyacc said:

Not registered in Sri Lanka yet(RMV).

I assume so but what about the tax? does that need to be paid ? becoz unregistered vehicles relatively cheap!

[NPP]

  saraprobe said:

I assume so but what about the tax? does that need to be paid ? becoz unregistered vehicles relatively cheap!

relative to what?

unregistered reconditioned are cheaper than brand new ones...

[saraprobe]

  NPP said:

relative to what?

unregistered reconditioned are cheaper than brand new ones...

I get it but my question was do we have to pay custom charges or so called Gov taxes at the time of registration?

[NPP]

  saraprobe said:

I get it but my question was do we have to pay custom charges or so called Gov taxes at the time of registration?

No.

[Sylvi]

  saraprobe said:

Guys does that mean the importer has not paid custom charges? or in other words Gov taxes?

Sir,

I my self is a importer you cannot clear a vehicle out of harbor without paying all levy's.

If this vehicle is not registered in some body's name in Srilanka RMV then it is called unregistered.

When A Vehicle comes to harbor it can be on Letter of Credit or cost With a wire transfer.

After that we have to give all documents to Customs authorities will appraise the Vehicle after settling the full levy's the Vehicle comes out of the harbor. this Vehicle is called unregistered.

Wijesinghe.

[Sylvi]

  saraprobe said:

I get it but my question was do we have to pay custom charges or so called Gov taxes at the time of registration?

Sir,

During the time of Registration the new owner will have to pay only RMV Registration fee Insurance charges Luxury Tax

Number Plate charges Annual license fee.

Luxury tax comes if the Vehicle is in that Category ( Depending Engine CC Capacity).

Wijesinghe.

[Sylvi]

  NPP said:

relative to what?

unregistered reconditioned are cheaper than brand new ones...

Brand new Vehicles will be charged according to normal tax structure.

Reconditioned Vehicles have A depreciation Value according to Agents value.

Only cars can import 3 1/2 years old.

[saraprobe]

  Sylvi said:

Sir,

During the time of Registration the new owner will have to pay only RMV Registration fee Insurance charges Luxury Tax

Number Plate charges Annual license fee.

Luxury tax comes if the Vehicle is in that Category ( Depending Engine CC Capacity).

Wijesinghe.

Two different stories!

[saraprobe]

  Sylvi said:

Brand new Vehicles will be charged according to normal tax structure.

Reconditioned Vehicles have A depreciation Value according to Agents value.

Only cars can import 3 1/2 years old.

This is much clear!

[rangerover]

any idea how much the annual depreciation on a vehicle is on agents valuation for customs duty calculation purpose?

[Sylvi]

  rangerover said:

any idea how much the annual depreciation on a vehicle is on agents valuation for customs duty calculation purpose?

Sir,

I will check up and give you the correct amount.

Or call 1919 and get their help to a customs officer will give you all details.

I will be out of Colombo today if you cant find out send a message to the Forum.

I will get all information and give you on next working day.

Wijesinghe

[NPP]

  rangerover said:

any idea how much the annual depreciation on a vehicle is on agents valuation for customs duty calculation purpose?

this has been mentioned somewhere before.

anyway check this link.

http://documents.gov.lk/Extgzt/2010/PDF/Ju...23/1656_23e.pdf