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Peshala Prabhapoorna

Importing classic and used cars to Sri Lanka

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Yes. You need to get a cabinet paper approved through the parliament. Thereafter, you can bring one over.

All the best.

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44 minutes ago, Crosswind said:

Yes. You need to get a cabinet paper approved through the parliament. Thereafter, you can bring one over.

All the best.

Thanks man🤜

 

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You don't need a cabinet paper, i believe there is provision through import control department.

You need to get a import license giving details of the vehicle, they will be able to help you out

Duty will be the other issue, will need to touch base with customs for that

Lot of red tape and running around

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I see another loophole which would be abused by crooks and the market will be flooding with post 90s vehicles. Then of course the loophole will be closed and no one would be able to bring in even a genuine classic car more than 30years old.

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10 hours ago, Crosswind said:

Yes. You need to get a cabinet paper approved through the parliament. Thereafter, you can bring one over.

All the best.

Don't give this idea to our politicos....😊. Don't know how many of them are looking at this forum. May be OP is one of them....😎

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12 hours ago, vag2 said:

I see another loophole which would be abused by crooks and the market will be flooding with post 90s vehicles. Then of course the loophole will be closed and no one would be able to bring in even a genuine classic car more than 30years old.

ALready happened decades ago....so no one can bring one anyway....

 

On 4/14/2019 at 3:36 AM, Peshala Prabhapoorna said:

Can someone please acknowledge me about the rules and regulations regarding importing classic and used cars to Sri Lanka. 

You don't need a cabinet paper....if it actually is a classic car (or a car that has been with the family abroad for like forever and has sentimental value) you can bring it down. However, with the cost involved you would not want to bring down the latter.

You need to go to Import Control and the Ministry of Finance and ask for special approval. They will issue you a special import permit depending on your case. However, it is the taxation that screws you up. They will tax the car based on market value (for example in case of a rare classic) or tax it based on the value of a brand new vehicle of the specific model, depending on which is higher.

For example a 20 year old Corolla that costs 2000USD in Japan will be valued at the price of a brand new Corolla which would be about 17,000USD). 

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I sincerely hope there`ll be a legitimate method to import a “self-owned” classic in future by paying a reasonable amount of tax. Even if I had to show proof of ownership, go through import control etc..

On a different note, what if I never register the car and never intend to use it on public roads? Is it still the same tax structure at the moment?  Does anyone know?

 

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1 hour ago, MrCat said:

I sincerely hope there`ll be a legitimate method to import a “self-owned” classic in future by paying a reasonable amount of tax. Even if I had to show proof of ownership, go through import control etc..

On a different note, what if I never register the car and never intend to use it on public roads? Is it still the same tax structure at the moment?  Does anyone know?

 

By taxes i meant import duty (which is a composition of different taxes), Makes no difference if you register it or not...you still have to pay them at the time of import when clearing the vehicle. In fact if you do not register it..you will get fined someday when you do register it and get the revenue license for it. Also, not registering it is too much of a risk due o theft, etc.. without registering the car you won't be able to insure it or anything of the sort.

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On 4/15/2019 at 6:02 AM, iRage said:

ALready happened decades ago....so no one can bring one anyway....

 

You don't need a cabinet paper....if it actually is a classic car (or a car that has been with the family abroad for like forever and has sentimental value) you can bring it down. However, with the cost involved you would not want to bring down the latter.

You need to go to Import Control and the Ministry of Finance and ask for special approval. They will issue you a special import permit depending on your case. However, it is the taxation that screws you up. They will tax the car based on market value (for example in case of a rare classic) or tax it based on the value of a brand new vehicle of the specific model, depending on which is higher.

For example a 20 year old Corolla that costs 2000USD in Japan will be valued at the price of a brand new Corolla which would be about 17,000USD). 

Thanks for sharing that information🤜

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