EXCLUSIVE: Duty increase on Japanese cars hit the sky – Aqua up by 7 lakhs, Prius by 11.20 lakhs

[balapasTop contributor]

Through the Gazette notification No. 1933/16 pertaining to imposing Customs duties, the government has announced new Customs duties on Japanese motor vehicles like Toyota and others imported to Sri Lanka.

Accordingly, the Customs duty on a Toyota Aqua vehicle has been increased by Rs. 770,000 while the duty on a Toyota Axio vehicle has been increased by Rs. 703,000.

Furthermore, the Customs duty on a Toyota Hiace Petrol vehicle has been increased by Rs. 1,365,000 and a Toyota Hiace Diesel vehicle by Rs. 1,700,000.

Similarly, the Customs duties on Toyota Premio/Allion vehicles have been increased by Rs. 675,000 and Toyota Prius motorcars by Rs. 1,120,000.

Also, the Customs duty on a Toyota Harrier has been upped by Rs. 1,150,000 while on a Mitsubishi Outlander the duty has gone up by Rs. 852,000.

The duty increases on these vehicles are given in the following Table:




Commenting on this, Sri Lanka Motor Vehicle Importers’ Association president Indika Sampath Merinchige said that the prices of these vehicles would increase in accordance with these Customs duty increases.

He also added that due to the duty increase on Japanese vehicles, the prices of Indian manufactured vehicles too would increase.

http://bizenglish.adaderana.lk/exclusive-duty-increase-on-japanese-cars-hit-the-sky-aqua-up-by-7-lakhs-prius-by-11-20-lakhs/

[strom]

I guess this is not good news to finance companies

[nis2008]

I think RW and RK having deal with India. increasing tax on Japanese vehicles means indian cars will pour in sri lanka. and also most indian vehicles safety test also failed as I think.

[UkboyTop contributor]

Ah electric cars looks ok.

[HAL9000Top contributor]

Last week Prados and other vehicle's agent valuation reviewed, others to follow in next few days and weeks. Implementation probably after the budget ad I heard, but not sure

[poor boyActive Member]

i think Indians are rejoicing now because they can dump more and more three wheelers ans substandard maruti etc.

govt should take action to control the inflow of three wheeler in to the country.

[Future123Active Member]

I think Sri Lanka is the only country where such heavy taxes are imposed on motor cars. These buggers are crazy to tax so much on hybrid vehicles.

The government should encourage the usage of hybrid vehicles instead keep on increasing the duties. Strange buggers.

There is certainly something between AMW and Ravi K, RW and Arjun M.

Finance companies and banks - the overall demand will go down but there will be people who buy only Japanese vehicles. As the prices of vehicles going up considerably meaning more business for finance companies and banks.

Yakapalanaya giving buffet lunch for the voters.

[First Guy]

I think Sri Lanka is the only country where such heavy taxes are imposed on motor cars. These buggers are crazy to tax so much on hybrid vehicles.

The government should encourage the usage of hybrid vehicles instead keep on increasing the duties. Strange buggers.

There is certainly something between AMW and Ravi K, RW and Arjun M.

Finance companies and banks - the overall demand will go down but there will be people who buy only Japanese vehicles. As the prices of vehicles going up considerably meaning more business for finance companies and banks.

Yakapalanaya giving buffet lunch for the voters.

I wonder how AM comes into the picture. You really have to stop this ranting now.

[Future123Active Member]

I think Sri Lanka is the only country where such heavy taxes are imposed on motor cars. These buggers are crazy to tax so much on hybrid vehicles.

The government should encourage the usage of hybrid vehicles instead keep on increasing the duties. Strange buggers.

There is certainly something between AMW and Ravi K, RW and Arjun M.

Finance companies and banks - the overall demand will go down but there will be people who buy only Japanese vehicles. As the prices of vehicles going up considerably meaning more business for finance companies and banks.

Yakapalanaya giving buffet lunch for the voters.

I wonder how AM comes into the picture. You really have to stop this ranting now.

I can't understand why only me being warned if I say something against the gvt whereas everyone crying about all the issues.

I'm just pointing out my opinion.

AMW is the official agent for Indian Suzuki / Maruti vehicles.

http://www.suzukilk.com/Default.aspx

[chutiputhaTop contributor]

සැපයි,සනීපයි...

[කිත්සිරි ද සිල්වාTop contributor]

If the intention was to reduce the number of vehicles on roads, it would back fire and soon we will see more substantially low quality junks clogging the already clogged arteries more.

[chutiputhaTop contributor]

If the intention was to reduce the number of vehicles on roads, it would back fire and soon we will see more substantially low quality junks clogging the already clogged arteries more.

All listed vehicles are high fuel efficiency vehicle,Cost per KM is low..
What do u think about to reduce prices of above vehicles and increase the price of other vehicles.
Then Living condition also would be high and Cost would be low.

[AdminAdmin]

I think Sri Lanka is the only country where such heavy taxes are imposed on motor cars. These buggers are crazy to tax so much on hybrid vehicles.

The government should encourage the usage of hybrid vehicles instead keep on increasing the duties. Strange buggers.

There is certainly something between AMW and Ravi K, RW and Arjun M.

Finance companies and banks - the overall demand will go down but there will be people who buy only Japanese vehicles. As the prices of vehicles going up considerably meaning more business for finance companies and banks.

Yakapalanaya giving buffet lunch for the voters.

I wonder how AM comes into the picture. You really have to stop this ranting now.

I can't understand why only me being warned if I say something against the gvt whereas everyone crying about all the issues.

I'm just pointing out my opinion.

AMW is the official agent for Indian Suzuki / Maruti vehicles.

http://www.suzukilk.com/Default.aspx

Who asked about AMW?

[කිත්සිරි ද සිල්වාTop contributor]

NATO boys are showing their true capacity now.  

If the intention was to reduce the number of vehicles on roads, it would back fire and soon we will see more substantially low quality junks clogging the already clogged arteries more.

All listed vehicles are high fuel efficiency vehicle,Cost per KM is low..
What do u think about to reduce prices of above vehicles and increase the price of other vehicles.
Then Living condition also would be high and Cost would be low.

[poor boyActive Member]

i guess JAPS have not treated our set of idiots touring japan these days. this may be a revenge for that.

[kassTop contributor]

Does anyone know the tax increase of smaller cars? which are mostly imported from India?

[HAL9000Top contributor]

Does anyone know the tax increase of smaller cars? which are mostly imported from India?

Other vehicle catogaries to follow next few days

[kassTop contributor]

Does anyone know the tax increase of smaller cars? which are mostly imported from India?

Other vehicle catogaries to follow next few days

may be the smaller cars will be increased at a lower rate to keep India happy. Wonder what will happen to the UNP general election campaign ad which showed buying a car for every family under their regime

[HAL9000Top contributor]

may be the smaller cars will be increased at a lower rate to keep India happy. Wonder what will happen to the UNP general election campaign ad which showed buying a  car for every family under their regime

It's already delivered , now we can see suddenly large number of  Alto vehicles flooded roads, every day I see new unregisterd Small cars, That's why the new duty structures imposed, to counter the rapid growth of vehicle imports, which has even eroded our foreign reserves.Who bought all these vehicles, Im sure many middle class families have become new vehicle owners.

[Hybrid]

Humans have suddenly become so foolish that they live in rented or leased houses or worse with their parents while they (the couples) own two cars taken on lease or loan from the company they work for paying an exorbitant monthly installment and scrounging on their regular meals.

What a show! What misery!

[poor boyActive Member]

Ranil has not been given a chance to address the Japanese Parliament. The news reports that say He addressed the Japanese parliament is a lie to cover up the real truth.This may be a revenge taken for not giving such honor by Japs.

Lankacnews say...
රී ලංකා අග්‍රාමාත්‍ය රනිල් වික්‍රමසිංහ මහතා පසුගිය 06 වැනිදා ජපානයේ පාර්ලිමේන්තුව අැමතීයැයි මාධ්‍ය වාර්තා පල වුවත් එය අසත්‍ය හා සත්‍යය විකෘති කිරීමක්ය. සත්‍ය ලෙසම සිදුවූයේ වික්‍රමසිංහ මහතා පහළ මන්ත්‍රණ සභාවේ අංක 1 ශාලාවේදී ජපන් ලංකා පාර්ලිමේන්තු මිත්‍රත්ව සංගමයේ මන්ත්‍රී වරුන් අමතා කතා කිරීමයි. මෙය ලංකාවේ ආකාරයට කියනවානම් පාර්ලිමේන්තුව තුල ඇති එක් කමිටු ශාලාවක පාර්ලිමේන්තු මන්ත්‍රීවරුන් පිරිසක් අමතා කල කතාවකි.

එයට ජපන් පාර්ලිමේන්තුව අමතා කතා කලාය කීම මුළුමනින්ම අසත්‍යය. ජපන් පාර්ලිමේන්තුව යනු දැඩි ගාම්බීරත්වයක් සහිත ජපන් ජනතාව දේවත්වයෙන් සුරකින ආයතනයකි. එය තුල කුනුහරුප කියාගන්න මැති ඇමැතින් නැත.

විශේෂයෙන්ම විදේශීය රාජ්‍ය නායකයකු පාර්ලිමේන්තුව අමතන අවස්ථාවක පක්ෂ විපක්ෂ සියලුම පාර්ලිමේන්තු මන්තිරිවරුන් (ඉහල හා පහල මන්ත්‍රණ සභා) 717 දෙනා එහි රැදී සිටිනු ඇත.

මීට පෙර ශ්‍රී ලාංකික දේශපාලනඥයින් බොහෝ දෙනෙකු ජපන් ලංකා පාර්ලිමේන්තු මිත්‍රත්ව සංගමයේ මන්ත්‍රීවරුන් අමතා අැති නිසා එසේ කළ ප්‍රථම ශ්‍රී ලංකික රාජ්‍ය නායකයා වික්‍රමසිංහ මහතාද නොවේ.

මේ අතර ජපාන පාර්ලිමේන්තුව අමතා අැති අනෙක් රාජ්‍ය නායකයින් වන්නේ එක්සත් ජනපද ජනාධිපති බැරක් ඔබාමා සහ ඉන්දීය අගමැති මෝඩි පමණක් යැයි වාර්තා කිරීමද සාවද්‍යය.

මෙහි දැක්වෙන්නේ චීනල භූතාන සහ වියට්නාම රාජ්‍ය නායකයින් ජපානයේ ඉහළ මන්ත්‍රණ සභාව හෙවත් ඩයට් සභාව අැමතූ අවස්ථා කිහිපයක, ජපාන පාර්ලිමේන්තු සභා ගර්භ ඡායාරූප සහ අග්‍රාමාත්‍ය රනිල් වික්‍රමසිංහ මහතා ජපානයේ පාර්ලිමේන්තුව අැමතීයැයි ශ්‍රී ලංකාවේ මාධ්‍ය පල කර තිබූ ඡායාරූපය.

ජපානයේ විදේශ අමාත්‍යාංශය මෙම විකෘති කළ පුවත පිළිබදව සැබෑ තතු හෙළිකිරීමට සූදානම්ව සිටියි.

සමීර S. ගජධීර
ජපානයේ ටෝකියෝ නුවර සිට

[කිත්සිරි ද සිල්වාTop contributor]

Improve public transport system and we will leave our Hybrids at home.
(After all who wants to drive in this chaotic way).

[guruji]

Honda cars not included so is it?'what is the basis for this idiotic move,they should discourage,indian substands,

[yellow knifeTop contributor]

Guruji

These are my memories.. but I failed to connect a relevant source to back my memory

India is very aggressive over controlling their business interest.

Sri Lanka is the best interest of India. Ashok Leyland buses which are manufactured only for Sri Lanka are high quality and Indians call it Export Quality.

Once an Indian has gone to courts and asked let Indians have the same quality of buses which are of Export Quality.

When MR government increased tax of Bajaj three wheeler , Bajaj company's share price plummeted.


MR government was sent to home by RAW simply because of its non-supportive role for India.

=================================

None of above statements I could add a source to refer and knowing my political loyalty , I leave you to find the truth of above.

[yellow knifeTop contributor]

It seems even new government will be topple by RAW

Bajaj Auto hits six-month low | Business Standard News

www.business-standard.com/.../bajaj-auto-hits-six-mon...
Business Standard
Feb 26, 2015 - Shares of Bajaj Auto have dipped 2.4% at Rs 2,128, its lowest level ... of its key markets viz Sri Lanka (New government temporarily frozen ... However, analyst maintains 'buy' rating on the stock with a target price of Rs 2,832.