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Found 2 results

  1. Lahiruwan
    The car market today is flooded with cars brought down under the concessionary duty permit scheme. For example it seems possible to get a 5 series diesel BMW for about 10 million which is about $75,000. Even in the USA these cars cost about $50,000/-. Considering the 'permit' attracts a duty of about 125% and not to forget a CIF limit of $25,000/- (now upto $35,000) how can the car manufacturers and agents sell these cars at those prices? One possibility is that they remit some funds illegally as a car such as a BMW 5 series cannot be bought for $25k. The other is that the manufacturers make cars with de-specced engines, lesser technology and cheaper plastics specially for markets like ours. Does anyone know what is happening?
  2. kushan
    Guys, Let's say I bought a permit and ordered a brand new/unregistered car, Can I sell that car within two three months and again buy another permit and order another car?
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