|
|
Sri Lankan Vehicle buyers in a state of shock
Tuesday, 3 April 2012 - 7:02 PM SL Time
 Share On Facebook
|
|
|
Vehicle buyers were in a severe state of shock yesterday on hearing that prices of vehicles below the 1300cc category, for which they had already paid an initial instalment had skyrocketed by more than Rs.700,000 as a result of the massive taxes being imposed on such imports. Heated arguments took place between customers and vehicleagent representatives in Colombo yesterday. The customers accused them of not having released the vehicles on time while being aware that taxes were being increased.
Most of the buyers had paid their initial instalments in November to buy small family cars under the 1300cc category and had been visiting the relevant showrooms on a weekly basis to check whether the vehicle shipment had arrived.
As a result of the increased taxes those who had paid for and booked the vehicles would now have to pay more than half a million rupees to buy the vehicles.
A Polgahawela school teacher said she paid Rs.200,000 in November but the vehicle was still to arrive. But they have released vehicles to buyers who had paid their instalments after November, she charged. I won t leave this place until I get my car as it is now been five months. They are telling me and others who paid instalments in November to come on dates they have been giving us since February.
Ranjan, who had paid the initial instalment in November, accused the agents of holding on to the vehicles knowing about the tax hike.
Another customer said after he had paid the initial installment and obtained leasing facilities said he would ahead with the purchase. What can I do now? he asked. I will somehow find another Rs.700,000 and buy the car as I have been preparing and planning for this for a long time, he said.
A leading car-agent representative in Colombo said once the vehicle arrives at the port it is entered into the system. It is only then that the price is marked taking into account the taxes and other charges.
We did not increase the taxes. It is mentioned in the agreement that prices can change due to unavoidable circumstances, the rep said.
The Finance and Planning Ministry had on Saturday increased taxes to reduce the heavy traffic congestion and bring down Sri Lankas fuel bill.
Taxes have been imposed depending on the engine capacity of the vehicles. Tax on hybrid vehicles below 1000CC have been increased by 14 per cent with tax on all hybrids above 3000CC being increased by 57 per cent.
Production duties for cars and vans have been classified into the fuel type used together with the engine capacity. The tax on cars under 1000CC using petrol has been increased by 85 per cent while cars with an engine capacity of more than 3000CC are being increased by 129 per cent.
Vehicles between 1000 CC and 2000 CC have also been increased by 85 per cent. Import duty on vehicle spare parts have also been increased. However there has been no change in the tax imposed on commercial vehicles such as tractors, buses and lorries.
|
|
|
tigeress19
Senior Member
Joined: Jul 2005
Posts: 21819
Member Profile
|
 3 Apr 2012 12:35:24 GMT Report for Abuse
|
Sri Lankan Vehicle buyers in a state of shock
Tuesday, 3 April 2012 - 7:02 PM SL Time
miracle of south asia turned into a parriahs of southasia.... |
Magnum357
Joined: Oct 2007
Posts: 2261
Member Profile
|
 3 Apr 2012 12:35:32 GMT Report for Abuse
|
skyrocketed by more than Rs.700,000
Aasiyawe 'Arse-charrrrya'!!
Jayaweva!!!
:) |
Dewey
Senior Member
Joined: Aug 2005
Posts: 11244
Member Profile
|
 3 Apr 2012 12:56:53 GMT Report for Abuse
|
Fishing in troubled waters by car salesmen. Govt should investigate price gouging. Unless the dealer shows evidence of showing higher taxes, you shouldnt pay higher price for the car for which you already gave an advance.
Edited By - Dewey - 3 Apr 2012 12:57:48 GMT |
EEELamaya
Senior Member
Joined: Sep 2006
Posts: 19687
Member Profile
|
 3 Apr 2012 13:24:30 GMT Report for Abuse
|
While Tamils make millions of vehicles a year in TN.... Jingala Muniya cannot even assemble a Three Wheeler by themselves...!
Now they are learning it had way...that importing costs money..! |
meetetnow2006
Joined: Feb 2008
Posts: 1588
Member Profile
|
 3 Apr 2012 13:49:52 GMT Report for Abuse
|
Even Russia is telling Moda Paksa to implement LLRC.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=48921
Now Weeramonkey should ask people to Boycott anything Russian too..
Just saying.
Edited By - meetetnow2006 - 3 Apr 2012 13:50:23 GMT |
AstroLTTE
Senior Member
Joined: Mar 2005
Posts: 14729
Member Profile
|
 3 Apr 2012 13:52:22 GMT Report for Abuse
|
While Tamils make millions of vehicles a year in TN.... Jingala Muniya cannot even assemble a Three Wheeler by themselves...!
http://www.microcars.lk
|
tigeress19
Senior Member
Joined: Jul 2005
Posts: 21819
Member Profile
|
3 Apr 2012 14:02:50 GMT Report for Abuse
|
Whom are they going to blame for the price hike??
..im thinking hard....
any one any suggestions??
Edited By - tigeress19 - 3 Apr 2012 14:03:32 GMT |
Elampimp
Joined: Sep 2009
Posts: 3858
Member Profile
|
3 Apr 2012 14:48:59 GMT Report for Abuse
|
The Socialist Alliance sounded a warning yesterday saying that it was possible that the US and the EU countries would impose restrictions or embargoes for the worse if Sri Lanka did not take genuine effort to implement LLRC report.
Fake RussianCharlie the gon harako,
LLRC is created by Sri lanka and they will do it in their own time.
But the additional conditions in the UN resolution will not be done by the government.
So Fake Russian fool what is there to discuss if EU only wants to implement the LLRC? What joker this fake Russian clown is?
Edited By - Elampimp - 3 Apr 2012 14:50:47 GMT |
Elampimp
Joined: Sep 2009
Posts: 3858
Member Profile
|
3 Apr 2012 15:10:19 GMT Report for Abuse
|
This tax increase was requested by the car traders in Sri lanka to control the imports as traders could not compete with the private exporters from UK and japan. I know Toyota hilux, Nissan Navara etc etc being sold for 6 to 8 lakhs cheaper than the trade sellers by the students who live in UK who import cars to SL. They keep only 2-3 lakhs margin.
On the other hand they have to find a way to dispose the old vehicles which are not fit to run on streets. Government must introduce an incentive in tax for the owners of the old vehicles if they want to dispose them provided they owned the vehicle for more than 10 years.
They must also allow to import the trucks over 7tons from 5 years old to 7 -10 years. That will give people a chance to get rid of the old trucks and lorries which are too dangerous to be on the road,
Edited By - Elampimp - 3 Apr 2012 15:16:21 GMT |
MaKaSo
Senior Member
Joined: Feb 2006
Posts: 9658
Member Profile
|
 3 Apr 2012 15:47:54 GMT Report for Abuse
|
This tax increase was requested by the car traders in Sri lanka to control the imports as traders could not compete with the private exporters from UK and japan
oppsss...now these private exporters won't be able to export three-wheelers from the UK and Japan.
Car dealers and the government are working together :) lolz |
|
Search All News and Discussions