Tag Archives: Srilanka import tax

New Vehicle Prices after Budget for 2016
Audi

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 …Read the Rest

New Price of Hybrid electric Car in Sri Lanka- After Budget
Business News

New Price of Hybrid electric Car in Sri Lanka- After Budget

  Vehicle Importers Association Chairman Mahinda Sarathchandra stated to media that prices of vehicles below 1000 cc would come down …Read the Rest

How much Maruti Suzuki Cars (Less than 1000cc) prices will go down in Sri Lanka after New Budget
Business News

How much Maruti Suzuki Cars (Less than 1000cc) prices will go down in Sri Lanka after New Budget

Vehicle Importers Association Chairman Mahinda Sarathchandra stated to media that prices of vehicles below 1000 cc would come down only …Read the Rest

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

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 …Read the Rest

Seminar on Taxation – on 30th April 2014
Education

Seminar on Taxation – on 30th April 2014

Srilanka Institute of Taxation organise an Seminar on Taxation to cover key topics of Amendments to Tax Statutes on Budget …Read the Rest

Hambantota Port Operation is Delay due to lack of Trained Staffs
Business News

Hambantota Port Operation is Delay due to lack of Trained Staffs

From the day of  declaration of the Hambantota Port as a free port, there is an heavy inflow of ships …Read the Rest

Public seminar on recent amendments to tax laws – 21st June 2013
Education

Public seminar on recent amendments to tax laws – 21st June 2013

The Department of Inland Revenue organised an Public seminar on recent amendments to tax laws on 21st June 2013 from …Read the Rest

Certificate in Imports & Exports Practices and Procedures from CINEC
Education

Certificate in Imports & Exports Practices and Procedures from CINEC

The CINEC invites applications for the Certificate in Imports & Exports Practices and Procedures the programme will gives basic information …Read the Rest

Zotye Extreme SUV for Rs. 2,450,000.00 (with VAT)
Banks, Credit Cards, Loans, Leasing, Vechile Hire purchases

Zotye Extreme SUV for Rs. 2,450,000.00 (with VAT)

When you looking to buy a vehicle, do you just buy anything that comes alone or something that combines comfort and style, while making a statement about who you are? So go ahead all the features you want in a SUV, combined with style and comfort, something say that you arrived.

Mercedes Benz C Class – USD 30,000 for Permit Holders
Mercedes Benz

Mercedes Benz C Class – USD 30,000 for Permit Holders

the Mercedes Benz C Class experience, now available for your permit. Enjoy Mercedes Benz C Class legendary performance just for USD 30,000.00
for more information contact DIMO or see below image

Srilanka MAS Holding Sets up Knitting Plant at investment of USD 70 Million
Business News

Srilanka MAS Holding Sets up Knitting Plant at investment of USD 70 Million

The MAS Holding an Apparel exporter is setting up a US $70 Million Knit fabric plant in Thulhiriya. This plant would help the Srilankan citizens to purchases good quality Fabric Knit at best prices.

Permit Holders 3 Year restriction on Transfer remove from Today
Bajaj Motor Cycles in Sri Lanka

Permit Holders 3 Year restriction on Transfer remove from Today

Srilanka Customs Announced that the 3 Years restrictions on the transfer of Duty Free Vehicle permits for Public Servants removed from Today (16th November 2012). This will be valid for the Permit Issued earlier as well.

Bajaj Three Wheeler in Srilanka for Rs. 450,100.00 with Taxes
Bajaj Motor Cycles in Sri Lanka

Bajaj Three Wheeler in Srilanka for Rs. 450,100.00 with Taxes

Are you looking forward to buy a three wheeler in Srilanka, David Pieris Motor Company Limited is a sole agent and distributor for Bajaj Three Wheeler for Island wide. And it’s creates more self Entrepreneurs in Srilanka by on Taxi Services.

Mitsubishi Delica D: 5 is in Srilanka for Rs. 9,830,000.00 with VAT
Mitsubish

Mitsubishi Delica D: 5 is in Srilanka for Rs. 9,830,000.00 with VAT

United Motors Lanka PLC made an offer of Mitsubishi Delica D: 5 are in Srilanka for the affordable price of Rs. 9,830,000.00 with VAT. Enjoy the Luxurious Comfort of a Delica D: 5 on your drive with your family, Friends and your love ones.

Maruti Suzuki Alto K10 Rs. 1,935,000.00 in Srilanka
Maruti Suzuki

Maruti Suzuki Alto K10 Rs. 1,935,000.00 in Srilanka

The AMW made announcement the New Revised Price of Maruti Suzuki Alto K10 as Rs. 1,935,000 and upwards. Enjoy most stylish and contemporary look with cozy interiors.
The Maruti Suzuki Alto recorded 27.8 Km per liter as Average fuel consumptions, with much more features of,

Mitsubishi Minicab Truck for Rs. 1,730,000.00 (inclusive VAT)
Mitsubish

Mitsubishi Minicab Truck for Rs. 1,730,000.00 (inclusive VAT)

The United Motors Lanka PLC made a special price for Mitsubishi Minicab Truck as Rs. 1,730,000.00 with VAT. The Special Offer carries you Rs. 60,000 Discounts from the Original Price.
The Mitsubishi Minicab Truck is more suited for the Self employment in related to small and medium scale businesses.
Mitsubishi Minicab Truck Features
• 350 Payloads
• More than 15Kmpl
• Engine capacity 657cc

Perodua VIVA ELITE in Srilanka – Rs. 1,951,000 + VAT
Perodua

Perodua VIVA ELITE in Srilanka – Rs. 1,951,000 + VAT

The Unimo Enterprises Limited an authorised agents for the Perodua VIVA ELITE in Srilanka. The Unimo made a special offer for Perodua VIVA ELITE Standard Manual for Rs. 1,951,000 + Vat. The Perodua VIVA ELITE is an Small Car with all modern features to satisfy you and your requirement with best fuel efficient.

Volkswagen New Jetta for Rs. 9.2 Million and 25% Discounts for Tax Payers Permits in Srilanka
My Observations and thoughts

Volkswagen New Jetta for Rs. 9.2 Million and 25% Discounts for Tax Payers Permits in Srilanka

The Senok the authorised dealer for Volkswagen Automobiles in Srilanka have made a Special offer for Tax Payers Permit.
The Tax Payers Permit Holders will able to drive their Own Volkswagen New Jetta for 25% Discounted Price (Rs.6.9 Million) of Original price of 9.2 Million.The Tax Payers permit Scheme in Srilanka This is where a Scheme introduces to motivate the tax payers to encourage and providing special tax benefits to support their contribution to nation.

BMW X3 Diesel and BMW 520d Special Offer of USD 30,000 for Permit Holders in Srilanka
BMW

BMW X3 Diesel and BMW 520d Special Offer of USD 30,000 for Permit Holders in Srilanka

The Prestige Automobile (Pvt) Ltd offer Special Prices for Permit Holders to Obtain Brand New BMW Dream car at best price of USD 30,000. The offer is only valid for the permit holders.

TATA Nano Prices in Srilanka is Rs. 1,180,000/- to 1,335,000/- With VAT – Updated Prices
My Observations and thoughts

TATA Nano Prices in Srilanka is Rs. 1,180,000/- to 1,335,000/- With VAT – Updated Prices

The DIMO announced its New Prices of its TATA Nano Range as Rs. 1,460,000.00 to 1,560,000.00 With VAT. The Prices are Increase Due to Import tax Increments from 1st April 2012.
The New TATA Nano Prices in Srilanka

Brand New Price Old Price
TATA Nano CX Rs. 1,460,000.00 with VAT 999,000.00 with VAT
TATA Nano LX Rs. 1,560,000.00 with VAT 1,100,000.00 with VAT

Toyota AVANZA for Rs. 4,950,000.00 Upwards From Toyota Lanka
My Observations and thoughts

Toyota AVANZA for Rs. 4,950,000.00 Upwards From Toyota Lanka

The All New Toyota Avanza with Seven Seats for you to drive home for Rs. 4,950,000.00 or USD 10,652.00 for Permit Holders.
Avanza Models and Prices
Model Price
1300 cc Manual Rs. 4,950,000.00
1300 cc Auto Rs. 5,350,000.00
1500 cc Manual Rs. 5,600,000.00
1500 cc Auto Rs. 5,850,000.00

Mitsubishi Lancer – Rs. 5,190,000/- (Inclusive of VAT)
Mitsubish

Mitsubishi Lancer – Rs. 5,190,000/- (Inclusive of VAT)

The United Motors Lanka PLC a sole Distributor of Mitsubishi Branded Automobiles to Srilanka, the United Motors offers an Attractive Offer to Obtain Mitsubishi Lancer at Special Discounted Price of Rs. 4,180,000.00 (Inclusive of VAT) Worth of Rs. 5,090,000.00 (Inclusive VAT).

Maruti Suzuki “You Pay Half, We Pay Half” Discount Promotion Valid till 15th May 2012
Maruti Suzuki

Maruti Suzuki “You Pay Half, We Pay Half” Discount Promotion Valid till 15th May 2012

The Maruti Suzuki is one of the High Economy Automobile from India with collaboration of Maruti and Suzuki corporations. Their Srilanka Sole Distributor AMW Made an Interesting Offer of “You Pay Half, We Pay Half” Discount Promotion to Srilanka Market.

Micro Trend for LKR. 1,350,000.00 (including VAT) – Updated Prices
Micro

Micro Trend for LKR. 1,350,000.00 (including VAT) – Updated Prices

One and Only Srilanka Branded Car Micro is selling series of Automobile product and services to Srilanka Market. While other automobile prices hike due to the import tax, only Micro is maintaining same Price due to Local Production.

Bajaj CT 100 – Rs. 126,125.00 (without VAT)
Bajaj Motor Cycles in Sri Lanka

Bajaj CT 100 – Rs. 126,125.00 (without VAT)

The David Pieris Moto Company Limited have sets Prices for Bajaj CT100 as Rs. 126,125.00 (without VAT).The Bajaj CT 100 is high fuel efficiency and low maintenance cost with suitable to Srilankan Road conditions with overall economy.

New Maruti Suzuki Prices in Srilanka (After Taxes Adjustments)
Maruti Suzuki

New Maruti Suzuki Prices in Srilanka (After Taxes Adjustments)

The Associated Motorways (Private) Limited public their New Prices after the Import tax increment, which have been imposed from 1st April 2012.The new prices of Maruti Suzuki Products are as follows,

New Taxes (Increased taxes) for Motor Vehicles in Srilanka effective from 1st April 2012
My Observations and thoughts

New Taxes (Increased taxes) for Motor Vehicles in Srilanka effective from 1st April 2012

The Ministry of Finance has imposed New Import taxes for the Imported Vehicles. The new taxes will be implemented from the 1st of April 2012.

The New Tax Rates for Motor Vehicles in Srilanka
Hybrid cars
Petrol Cars
Diesel Cars
Petrol Van
Diesel Van
New Taxes for Three Wheelers
Motor Cycle

Temporary Importation for Export Processing (TIEP -I) Srilanka
Places to visit in Srilanka

Temporary Importation for Export Processing (TIEP -I) Srilanka

The TIEP-I is where the exporters can relieved from the payment of Import duties and taxes, the basis of that imported goods are untended for Manufacturing, Processing or Assembling in subsequent exports.
The Purpose of TIEP-I
• Facilitate Exporter and Manufactures to produce at lower cost and compete in the global context.
• Encourage small and medium level businesses to use these facilities to maximize productivity
The Inputs permitted by TIEP-I
• Raw Materials, Components and part which will be incorporated in export products
• Parts for assembly of the product to be exports
• Consumable
• Packing Materials in finished
• Raw Material for producing pack materials
• Exports Catalogs and brochures

Who can use TIEP-I
Direct Exporters
The manufacture who manufacture for export purposes
Indirect Exporters
The Manufactures who provides goods as a input of other export goods.
Indirect Exporters and TIEP-I
When the indirect exporters’ supplies goods to the direct Exporters, the following should be considerable
• Customs Approved Bondsman
• TIEP Certificate Holder
• BOI Enterprise approved under section 17 of the BOI Act
• Customs Approved Industry (operating under Investor Facilitation center)
Documents for registration of TIEP-I
• Duly completed prescribed form (TIEP-I) in Triplicate
• Project Report
• Certificate of VAT registration
• Business Registration
• Memorandum of Articles
• Data required for evaluating the conversion ratio and wastage factor
• Other necessary approvals
For More information:
Export Facilitation Unit
Bonds Division
1st Floor
Customs House
Bristol Street,
Colombo 01

Website: www.customs.gov.lk