Wednesday, June 2, 2010

New and Old Duty Structure for Motor Vehicles Sri Lanka

Publish Post

Petrol

Diesel

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.)

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