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car importion
Rank: Member Joined: 5/21/2009 Posts: 7
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How much will it cost to import a car listed as 3300$ C & f.thanks guy.
mn
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Car importion! Only God knows. Hotels will always serve the fruits/vegs of the season. In stocks,ur duty as a trader is to identify the HOTshare of the season. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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How is car importioning an invesment??
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Rank: Member Joined: 7/7/2008 Posts: 49
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it will cost carriage,insurance,and freight plus 3300 dollars
invest slowly on a monthly basis dont wait till ati u get millions
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Rank: Veteran Joined: 9/11/2007 Posts: 816
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Exactly as stated - C&F - Cost and Freight. Its a price quoted by seller for shipment... does not include insurance charges, but includes all expenses up to port of destination. Eg Mombasa. As opposed to CIF (cost,insurance,freight).......
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Rank: Member Joined: 5/21/2009 Posts: 7
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(jkmwatha) i do get that.i wanted to know like the total cost(registration and other cost).
mn
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Rank: Veteran Joined: 9/11/2007 Posts: 816
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@mnxibit - so are you asking, 'How much is it to clear a car at the Port?' ie. Demurrage,agents fee,registration,duty etc.?
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Rank: Veteran Joined: 10/9/2006 Posts: 1,502
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If from Japan; Total shipment/C&F -shs 150,000-170,000 + clearing shs220,000-300,000 dpending on Manf yr. work to prosper
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Rank: Member Joined: 6/29/2006 Posts: 184
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next he will say he was conned by the japanese
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@Tokyo. the biggest mystery is kra valuation b4 loading import & excise duty. Could u shed light in relation to cif for a 2k2 car? Hotels will always serve the fruits/vegs of the season. In stocks,ur duty as a trader is to identify the HOTshare of the season. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 1/12/2007 Posts: 75
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The KRA valuation is dependent on make,model,engine capacity and of course year of manufacturing/registration. For example,the duty for a 1500cc Toyota,Nissan,Subaru etc will differ because the showroom value is different.
reithi
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Can someone juz be clear here for once?Give specific answers and if u dont have like me here,say so.Suppose the poster here wanted to import a nissan B15 1500cc say at USD3,300;how much will it cost??? The Hague...or Local Triburnal ama TJRC. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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@reithi,
I suppose whether the engine is diesel or petrol also determines the duty payable?
However,what I have never understood is where KRA get the show room figures from because for e.g all 2002 cars imported into the country presently are not available as new in Kenya show rooms i.e production of the models ceased!
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Rank: Member Joined: 4/17/2007 Posts: 88
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Weee
3300 is it FOB or CIF??
For Example
CIF 3300 Nissan Sunny FB15 Registered June 2002 would be approx
Duty = 140K,DO=5K,KPA = 12K
But Currently the rules are changing as Motor vehicle importers will be required to use invoice value which always higher than the CRSP since the latter isn't recognised by WTO as a basis of valuation which is according to WTO price actually paid or payable.
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Rank: Member Joined: 1/12/2007 Posts: 75
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@ Chaka
A diesel and petrol engine with similar engine capacity will attract different amounts of duty,because as I said,the showroom values are different.
Since the vehicles are no longer in production,KRA uses the price of a similar model today.
reithi
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Rank: Veteran Joined: 10/9/2006 Posts: 1,502
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forget about cif/cf/fob. Duty is determined by retail price of a new similar model in a showroom in Kenya. Then mnus depreciation 0-6 moths- 5% to 7-8 yrs -70%.Figure you get helps to calculate the duty/customs. I once complained to KRA that they should calculate using retail price in Japan which is cheaper than Kenya but they rejected.Meaning there is double taxation. @ Jerry giv me the car model and yr of manuf. will calculate duty payable.if its more than +- shs 10,000 nitanunua nyama,if not ununue nyama na tusker- will be their soon.deal?? work to prosper
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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@Tokyo,
is it year of manufacture or year of first registration?
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Rank: Veteran Joined: 10/9/2006 Posts: 1,502
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@Chaka year of 1st registration. sorry.. work to prosper
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Rank: Veteran Joined: 9/11/2007 Posts: 816
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@Tokyo/anyone Could you possibly calculate the duty for these two cars? Nissan Navara Aventura DCi 2.5 double cab (1st Registration sept 2007 ) Same car (1st reg march 2005).
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Rank: Member Joined: 10/3/2008 Posts: 106
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on the same issue whay would be the duty payable for a Nissan bluebird syphyl,1500cc, YOM 2002 CIF 3100 One's first step in wisdom is to question everything - and one's last is to come to terms with everything One's first step in wisdom is to question everything - and one's last is to come to terms with everything
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