The value -- which would include the base value plus taxes -- of imported Japanese Vehicles was bound to increase by between Rs.0.7 million and Rs.1.2 million when taking into account the government’s decision to charge duties on the Customs value determined by the Customs Director General based on the prices furnished by the vehicle manufacturers, Vehicle Importers’ Association Co-Secretary Nishantha Perera said yesterday.

The government has announced the new Customs regulations on imported vehicles through a Special Gazette Notification No. 1933/16 of 22.09.2015.
Mr. Perera said no effective date had been mentioned in the Gazette notification.

However, importers said they had decided to sell the vehicles which had already been imported at a reasonable price. (Chaturanga Pradeep)