Toxicity wrote:@JkMwatha...thanks for your informative information, how is the figure 109,500 reached at?
Its complex but it calculates something like this
CRSP.................1,035,000.00
Depreciation..70%... (for 2003 model)
Customs value............142,759
Import Duty 25%...........35,690
Excise Value.............178,448
Excise Duty 20%...........35,690
VAT Value................214,138
VAT 16%...................34,262
Total Taxes..............105,641
IDF Fees...................3,926
Total 109,567