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Importing a used car from japan

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deepakbuskalowa 22 Nov 2016

I want to import a used car from japan. what are the customs charges I will have to pay? suppose it's a Toyota vitz car 1300 cc costing 400,000 rupees equivalent in japan. how will I calculate its total cost?

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RoseOfUniverse 22 Nov 2016

Do you mean 400,000 as retail price? You need to pay for: 50% IED (Import Excise Duty)

To calculate IED ( percentage of IED x retail price) 50% x 400,000 = 200,000

15% Vat

To calculate Vat

percentage of vat x( IED + Retail Price) 15% x (200,000 +400,000) = 90, 000 mur

Total= 90,000+ 200,000+ 400,000 = 690,000 mur

Converting 690,000 mur to japanese yen (you can simply google it) =approx 76706265.00 yen

Source: MRA