New Vehicle Prices after Budget for 2016

As expected the new government budget for 2016 introduce new valuation system for imported vehicles, this valuation lead to increase prices of imported vehicles by Rs. 200,000 up to Rs. 2.5 million.

The new valuation system was introduced recently taking full option manufacturers price as the tax base and the Finance Minister Ravi Karunanayake said  in budget proposal that this is to further strengthen this process of collecting the payable taxes said that the unit rate of excise duty for the vehicles on the basis of cubic centimeters and duties on the percentage basis on certain vehicles would be revised.

Automobile sellers has indicated the main selling automobiles like Nissan leaf, Suzuki WagonR, Suzuki Alto, Suzuki K10, Toyota Aqua, Toyota Prius and Toyota, Nissan Van prices will be increase as follow

Nissan Leaf Electric Vechile by Rs 2.5 Million

Wagon R by Rs. 400,000/-

Auto & K10 by Rs. 250,000/-

Toyota Aqua by Rs. 500,000/-

Toyota Prius by Rs. 700,000/-

Van by 2.5 Million

Meanwhile, 2016 budget has reduced excise duty to 2.5 percent for the vehicles which are run entirely on Solar, Hydrogen or Helium.

And the Vehicle Entitlement Certificate for each vehicle was also introduced and therefore motor cycle and three wheeler is unchange, Rs.15,000 for a motor car and Rs.10,000 per vehicle for all other vehicles would have to pay as fee

DSI Bike Prices

DSI brought range of mountain bikes for your day today life, and sporty adventure models at an attractive price of Rs. 14,000/-.

Choice your bike from the range of

  • 5” Lea R4- City
  • 26” MTB Dazzler
  • 28” Trans Atlantic
  • 26” MTB Exclusive.

For more details visit to DSI Bike Showroom at NO-225A – D, Galle Road, Colombo 04. Tel – 011-2 505 733

Or see below image

DSI Bike Prices
DSI Bike Prices

Three Wheeler Prices in Sri Lanka after New Budget

There is a huge expectation from threewheel driver about the price reduction of three wheeler after the budget implementation. But the reality was the tax reduction of 15% was reducing only for motor vehicles which less than 1000cc.

This tax reduction has not impact to any of three wheeler or motor cycle prices in Sri Lanka. The Brand New Bajaj Three wheeler (Auto) will be Rs. 492,380.00 all Inclusive.

For more details about

Bajaj Prices Click Here

Yamaha Motor Cycle Prices Click Here

Maruti Suzuki Car prices Click Here

New Vehicle Valuation and tax scheme will increase the prices of vehicles by Rs. 400,000 to Rs. 500,000

As news stated the Customs Director General Jagath Wijeweera inform the customs department is deciding on the value of brand new vehicles instead of accepting the declaration by the importers.

This has decisions has make in the detail investigation on vehicles importers undervalued the vehicle valuation while imports, its including few leading companies too.

This approach has reduced tax incomes to the government which is a considerable amount in total. Therefore the customs has set up valuation committee to determine the value of the vehicle and thereby impose the valuation tax.

The New taxation systems are expected to lead to a vehicle prices increase between Rs. 400,000.00 to Rs. 500,000.00.  But this system will help government to raise their tax revenue to the government.

It is expect to be applies for those who imported and yet to clear them.

 

Factors to Consider before and after implement this New Tax System – Personal Opinion

Before implement this new tax scheme

  1. Makesure it is not to impact to the law budget vehicles which are mostly purchases for the self-businesses or small businesses like three wheels, Small cars for Budget taxi and motor bikes.
  2. Understand the weakness and wholes in old tax systems and make alerts to income tax department or customs to be aware of those lopes whole.
  3. Consider the cost of living index and increase accordingly, rather increase just because of maximise revenue
  4. Take actions against those who violate and get penalties for their wrongful behaviour

After implementation this new tax scheme

  1. Makesure its not harms to low income or middle income class who dreams to buy a small cars or basic model of vehicles
  2. Rectifies all the lopes whole and avoid any fraud to comes in future
  3. Educate importers and customs about the new vehicle import tax system and avoid any under pricing in future
  4. Be tight with rules and regulations and need to take actions against those to violating this new impose tax systems.

Auto and Transport Show – from 25th to 27th April 2014

Ministry of Transport organised an exhibition and Auto transport show from 25th, 26th and 27th April 2014 at BMICH.

The exhibition will inclusive of International Bike Stunt, Vehicle show, Go Cart Racing, 4X4 offroad Show, Live DJ, Gaming Zone, Road Safety Campaigns and win Free Air Tickets too.

See below image for more information

Auto and Transport Show – from 25th to 27th April 2014
Auto and Transport Show – from 25th to 27th April 2014

MCSL Auto fair 2013 on 13th to 15th December 2013

With the Celebrating 30 Years of Excellence MCSL Financial Service Limited offers an MCSL Auto Fire 2013 at Rajagirlya Municipal Grounds from 9.00 am – 6.00 pm (Front of UC).

The auto fair will open for 13th to 15th December and on the spot vehicle auction will be held on 15th December at 10.30 am.

For more information see below image

MCSL Auto fair 2013 on 13th to 15th December 2013
MCSL Auto fair 2013 on 13th to 15th December 2013

Colombo Motor Show 2013 at BMICH on 6th to 8th September 2013

The Asia Exhibition and Conventions organises a Colombo Motor Show 2013 at BMICH from 6th September to 8th September 2013 from 10.00 Am to 10.00 Pm.

The event is with wide range of automobiles showcasing in srilanka. such as latest cars vans and SUV and the Vintage cars of Sri Lanka too.

Click Here to see Colombo Motor Show 2012 Photos

For more information contact organising committee on 0719997712 | 0716861805

Or see below image

Colombo Motor Show 2013 at BMICH on 6th to 8th September 2013
Colombo Motor Show 2013 at BMICH on 6th to 8th September 2013

Tomahawk New White Collection in Sri Lanka

The Tomahawk introducing new white collection Bicycles in Sri Lanka. The New White collections are modern look and easy handling within your budget level.

For more information contact to Tomahawk Bicycle Mall at No. 245 B, Galle Road, Colombo 04. Or contact to 0112 507307 or see below image

Tomahawk New White Collection in Sri Lanka
Tomahawk New White Collection in Sri Lanka

DSI Bike for Rs. 30,000.00

Feel the classy difference with DSI Bike Super light Aluminium for this vocation period, call DSI Bike Sales Representatives on Nissanka 0777-815749 & Priyantha 0778-859767

See below image for more information

DSI Bike for Rs. 30,000.00
DSI Bike for Rs. 30,000.00

Lumala Bicycle for Rs. 25,000.00 Upwards in Sri Lanka – April 2013

Lumala introduces Lumala Designer Hard Tails with Shimano equipped parts and Aluminium frame, now with free Universal Car Carrier, so now you can take your Lumala premium bicycles on your next trip, picnic or holiday easy and stylishly. Now available at Rs 25,000/= upwards and 4 models to choose from: Velocity, Skyhawk, Magnum, Ignite.

Exclusively available at following showrooms: Lumala City- Bambalapitiya, Konuwala, Dam Street and peliyagoda.

For more information contact Lumala on 0771088544, 0112508317

Lumala Bicycle for Rs. 25,000.00 Upwards in Sri Lanka – April 2013
Lumala Bicycle for Rs. 25,000.00 Upwards in Sri Lanka – April 2013