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What is the different between published value and the CIF(Rs)


Osal T

Question

I want to buy a vehicle. While I was searching general details on normal market value of the  vehicles I followed the http://www.cupidlogistics.com/petrol1000cctag.html 

To calculate the general value what is the correct way of using these details for each vehicle.

CIF(Rs)+Custom Duty or

Published Value+ Custom Duty or

Any other way?

I am confused on it.

 

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Sorry I have not gone through your link...but generally it should be

CIF value + Customs Duty + Clearance charges + Other applicable taxes (sometimes you get additional taxes such as luxury taxes). 

Customs Duty is actually a composition of several different taxes and some taxes such as Luxury tax does not get included in this.

The published value...well I have no idea what published value is...you generally get FoB value of a car (which is pretty much the purchase price of a car in a country without any freight and insurance of the freight), and then in SL the customs department has a list of valuations for vehicles which is pretty much the showroom floor price of a vehicle in the vehicle's home country. So there are several values of a car; when calculating duty and other taxes it is always the higher value that gets used. So even if you get a car for 110yen, you still will get charged for customs duty that runs in the millions.

 

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