murei wrote:I have good offer for a brand new Toyota Premio 2008 model,1800cc,silver in color.Value is 850k.If interested you can email me as soon as possible for it won't last long.
bmkangogo@gmail.com.
Due diligence as usual boys and girls...
Assuming it is a 2008 model, and a good month, the car would cost arond 420-440k in duty, clearance, service plus fuel. (see breakdown below).
850k-440k=410k CIF/C&F.
Which is USD 4,700.
To get the FOB value, we will remove freight cost of USD 800 and Jevic inspection of USD 200. That would mean that the cost of the premio would be USD 4700 - 1000 = 3700.
Please assume you are not making any profit, show me where I can get a premio at FOB USD 3700 and I will believe your story. In My opinion... That price is impossibly good. Too good to be true.
Below are the duty calculations
Customs Import duty
Custom Value Kshs.471,963.00
Import Duty Kshs.117,991.00
Excise Duty Kshs.117,991.00
VAT Duty Kshs.113,271.00
Total Taxes Kshs.349,253.00
Import licence (IDF fee) Kshs.10,619.00
Motor vehicle Registration fee Kshs.12,095.00
Railways Development Levy (Ksh) Kshs.7,079.00
Total Amount Payable to Customs(Ksh) Kshs.379,046.00Other Charges
Grand Total Port charges (USD) 269.73
Grand Total Port charges (Ksh) 24,276.00
MSS LEVY (Maritime surcharge levy) (Ksh) 1,463.00
Clearing & Freight forwarding Cost (Ksh): 10,000.00
Shipping Delivery order fee (USD) 81.20
Shipping Delivery order fee (Ksh) 7,308.00
Total Estimated cost of Clearance (Ksh) 422,093.00Add Service, radiation, Transport to collect car, fuel, Insurance....