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Thursday, 08 October 2015 - 8:53
Prices of Japanese vehicles Skyrocket
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According to Chairman of the Vehicle Importers’ Association, the price of a Toyota Axio will increase by Rs 700k and that of a Toyota Aqua will do so by 770k.

The tariff for a Toyota Hiace Petrol vehicle has upsurged by 1,350k while that for a Toyota Hiace Diesel has risen by 1,700k.

The tariff for a Toyota Premio/Allion has surged by 675k and that for a Toyota Prius by 1150k.

A Toyota Harrier’s has risen by 1150k whereas that of a Mitsubishi Outlander has surged by 850k.



Update : Thursday, 08 October 2015 - 09:54
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Price of Japanese vehicles increased by 6-7 lakh 

The price of vehicles imported from Japan has increased due to the new method of assessing the value of vehicles imported to this country introduced by the Finance Ministry. 

The Vehicle Importers’ Association said that the prices of certain vehicles imported from Japan would increase by amounts between Rs6 to 700k.

On 22nd last month, by a special gazette, the Finance Ministry introduced a new method of assessing the value of vehicles imported to this country.

According to this notification when importing a vehicle to this country money will be levied for the relevant vehicle  from the importer by assessing the price of vehicles based on the highest price of the category to which the vehicle belongs. 

Japanese motor cars such as Toyota Aqua will go up by Rs700 thousand to 800 thousand, Prius by Rs1.2 million, and Toyota Premio by Rs1 million due to new Custom duties.

 

 

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