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skyline market price


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#11
delimaputih

Posted 07 August 2003 - 07:56 PM

delimaputih

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so how do we bring in these cars to malaysia without costing us a
bomb? Any ideas?

#12
scooby5

Posted 07 August 2003 - 08:53 PM

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I only did a little investigation before i decided to leave things alone.

For a 2.0L (as per the Skyline and my STi5) tax would be 80% import and
10% sales. This is the highest level of tax but there is lower taxes fro
smaller engine sizes such as 1.5L.

To begin with you actually need permission (and a licence) from the
goverment to be allowed to import in the first place. This can be applied
for by everybody but you know the goverment departments better than i, so
you know how awkward that could be.

My only worry is how the taxes are calculated. I'm told it is the CIF
value of the car, therefore the purchase price + cost of getting it to
port. From there the customs department inspect and evaluate if truth is
being told in the documentation to confirm the market price (so no room
for corruption there then Wink of the car before the taxation is
calculated.

If we take the 1998 RM43,000 Skyline currently for sale in HK as an
example then we should estimate 43,000+2000(shipping)+80%+10% = RM89,100.
Now bering in mind no cars older than 5-years are allowed to be imported,
this kinda becomes the going rate for cars of this type and age.

Buying the car overseas and shipping it is very cheap. Problems come from
the goverment approval procedure and how EXACTLY the taxes are calculated,
after all who says your Sales Invoice of HKD88,000 is correct. I might as
well make my own that says HKD70,000 and save a few thousand RM in tax.
There will be forumers around here in a much better position to advise, if
they are willing to enlighten us as there are a huge number of cars coming
in from UK, HK and Japan.

#13
whitenite

Posted 07 August 2003 - 10:01 PM

whitenite

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(long post)
yr info a bit mixed up for importing cars. If u say “This can be applied
for by everybody”, obviously u’re referring to Personal AP. For this
category, there’s no 5 yr restriction on age of CAR.
Say, u wanna bring back personal items like PC, books etc. after staying
abroad for a while. U can just ship them rite back. However due to govt
restriction on import of vehicles, u need a AP to bring in yr personal
car. A Personal AP is what u need to get from Miti.
Check this website:

http://www.miti.gov....iti-faq.html#Q4

Can a Malaysian working or studying abroad bring back vehicle/car to
Malaysia. What are the conditions?

Effective 18 September 2000, several criteria have to be met by any
Malaysian studying or working abroad in applying for an import license
(AP) to bring back his vehicle. The criteria are:

Applicant must be legally staying abroad for a minimum of one year.

The vehicle must be registered and insured under the applicant’s name for
at least nine months.

Applicant has a valid driving license (temporary/probationary license not
accepted).

Applicant returns to Malaysia permanently after completing his study or
working stint overseas.

Individuals not conforming to the above criteria are advised not to bring
back their vehicles. Otherwise, MITI will not be responsible to approve
the import license, even though the vehicle has arrived in Malaysia. Most
probably, The Royal Customs and Excise Department of Malaysia will take
legal action against the owner of the vehicle who imported it without AP.

This regulation applies to:


Government officers who further their studies overseas.

Malaysian students overseas.

Malaysian citizens who work and stay overseas.

Husband, wife and children of staff serving the Malaysian Embassies/High
Commissions and representatives.

The applicant has to apply by completing Form J.K. 69. This form can be
purchased from Percetakan Nasional Malaysia Berhad, Kuala Lumpur or any of
its branches. Completed applications, together with relevant supporting
documents, must be submitted to the Ministry of International Trade and
Industry, Kuala Lumpur.
…
now if u want to bring in car while u’re still in Msia, u need a
Commercial AP. There’re certain restrictions on issue of Comm Aps eg.
cannot import say, Porsche, cos govt needs to protect Prorsche local
franchisee, etc. also, cannot bring in cars exceeding 5 years in age. Last
I checked (6mths back), a Comm AP cost RM35k. alternatively u can just ask
one of those Freight forwarders or car importers with jalan to bring a car
in for u. gotta pay them hefty d/payment tho.

Oso yr figures on 80% import duty not accurate. The local fellas pay only
RM35 – 55k to bring n evo 7s n the like (ie. 1-2 yr old cars). Skyline
shdn’t be very different. The key word is under-declare of course. The
profit margin for car importers is VERY high. These people pay cash for
their cars in Japan, take high risk shipping them here, that’s a coupla
mths before they even see the car (takes time to clear Pt Klang too). So
obviously profit margin MUDT be high otherwise, who wd wanna undertake the
business. Work it out yrself – RM50k CASH outlay to buy car, RM3-5k
shipping n insurance. RM35k duty. RM10k miscellanous. That’s RM100k CASH
per skyline, e6/7.

Tax calculation long story. I’ll try n shorten it – 140% + 10% sales + 5%
service (mebbe now no service tax!) for below 1800cc. 170 + 10 + 5 for 1.8
to 2.0. 200 ++ for 2.0 to 2.5.

Again, keyword here is ? U-declare!
HTH
Smile

#14
scooby5

Posted 08 August 2003 - 11:35 AM

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The tax rates you write are correct as per the website of the cutoms
department but i have the complete Malaysian Customs Tarrif Handbook from
2001, incorporating the 2001 budget.

It is THAT handbook that i found the 80%+10%.

I believe the website is now incorrect (to put people off the idea of
bringing in cars) hence the reason local traders pay less tax. They will
get Trade Prices for the cars (rather than our Market Price) and with a
lower rate of tax on that.

I do believe you are right that the easiest thing may be to "hire" a
local workshop or 2nd hand dealer to import for a small "fee."

#15
ovrstr

Posted 10 August 2003 - 07:03 PM

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hey dude.....gr8 info man....about being able to birng in cars or a car
only if one is going back to msia after studies etc does it include going
back for bout 1 year and then back overseas...?......will the government
buy tat....?.........man....!!!....i want to bring a skyline back from aust
......cost only 20 grand aus...which is 40 grand msia for a r33 gtst.....
or maybe an evo 7.....cost like 100 grand msian......

and dude...is it true that only one car can be brought back per person for
per country?

#16
wastegate

Posted 12 August 2003 - 09:21 AM

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there are two r33 skylines for sale in this week's motortrader.. one's
rm125k and the other rm170k.. both are gtst's. i guess skylines still hold
their value here in malaysia..
here's what i know about importing cars for personal use..
1) you have to apply for an AP (approval permit?) from MITI
2) malaysian's studying/working overseas (more than 1 year?) are eligible
for the AP
3) you only get to apply 2 APs in a lifetime.. once when you're studying,
and once when you're working.. overseas that is
4) you must show proof that 'you're coming back for good' when applying
for AP.. ie. original transcript for students or an offer letter to work
in malaysia for professionals.
5) you must show ownership of the vehicle for at least 1 year overseas..
meaning you must have purchased the vehicle at least a year before coming
back to malaysia, through invoices/insurance policies/rego etc..
6) taxes are NOT below 100%.
7) you'd have to declare how much you think the vehicle is worth (or how
much you bought it). customs will then compare and estimate the actual
price based on the malaysian market(minus taxes etc).. scratches, dents
etc are deductable.. tax will be on this final estimated value..

hope this helps.. sorry for the long reply..

#17
whitenite

Posted 12 August 2003 - 12:51 PM

whitenite

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wastegate posted some interesting ionfo

Smile

some more comments:
3) you only get to apply 2 APs in a lifetime.. once when you're studying,
and once when you're working.. overseas that is

I didnt know that - 2 APs each, huh? Must "return" overseas n look for a
R34GTR too!!

4) you must show proof that 'you're coming back for good' when applying
for AP.. ie. original transcript for students or an offer letter to work
in malaysia for professionals.

i think that one, just show yr degree cert if you're a student.

5) you must show ownership of the vehicle for at least 1 year overseas..
meaning you must have purchased the vehicle at least a year before coming
back to malaysia, through invoices/insurance policies/rego etc..
6) taxes are NOT below 100%.

Umm ... ownership not quite enuff. I was under impression you must show
prove of USE. In UK buying insurance for an item (say a Skyline/Evo)
stored in a house is very cheap, perhaps 200-300quid. Buyung Comprehensive
cover (or TP Fire & Theft for that matter) for a student costs thousands
of sterling pounds. so for any bright spark thinking of storing buying a
Skyline, then storing the car for 6mths/1year before shipping it back -
perish the thot!
so, u haveta produce rd tax (vehicle license) as well as insurance as
proof of USAGE. (ownership not enuff).

7) you'd have to declare how much you think the vehicle is worth (or how
much you bought it). customs will then compare and estimate the actual
price based on the malaysian market(minus taxes etc).. scratches, dents
etc are deductable.. tax will be on this final estimated value..

I don't think Kastam compares prices with Msian market vehicles, it is
simply not relevant. value is as per country of origin, not local market,
taxed accordingly.


#18
wastegate

Posted 02 September 2003 - 09:19 AM

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saw one in the motortrader recently.. rm17x,xxx hehe

#19
moppy

Posted 02 September 2003 - 11:34 PM

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Ooi, ask me lar, I brought a car back from UK b4 when I was a student in
year 1999 just before the mellineum...hehe...

well, certain u all guys said was correct and certain were not... maybe
the law change now...

Ok, on 18th September 1997 actually who brought the car at overseas or
before, the student AP was free. As far as I know, AP is free for only
once in a lifetime, and not 2. The AP that I applied was been told by the
guy who work in MITI in 1999 (the year I brought back the car) was at
least from RM5000 up for someone who without it. Depends on what car u r
buying. Certain car is not be able to bring in. It was written out in the
AP form. Used to be Alfa Romeo is one of the car. Can`t remember much and
what add in now.

The person who bring in a car must bought a car being manufactured or used
on road at least 3 years and with a valid insurance coverage of 6 months.
Of course la, urself must have a valid driving license.

Before u bring back a car. U must go to the country Msia trade center to
get the document check. I was in London at that time, ppl are nice but
their working hours was so short... damn need to make appointment...
Go there get the form and remember bring all the necessary documentation
with u, like photocopy pasport, IC, car registration card and insurance
coverage... if u r student bring together ur acceptance letter or any
prove to show u r a student.

Once Msia trade center approved it, find a transportation company. They
should hv provided a service to collect or u drive to the warehouse. I
drove my car there last time. They will check ur car and give u a
documentation b4 the park it into a container. Normally any scratchs will
be written down. The transportation company, they will send a document to
their transport department to inform them the car being leave the country
and the plate no. would not be occupied by someone.

Then when u come back to Msia, go to MITI, get a form, if i am not
mistaken, Rm3 per form. Got about 5 or 6 pages one. A3 sizes.
Write in all the details and provide all the neccessary documentation.
Submit it and wait for about 3 weeks. Go back there and hv an interview
with them for a general documentation check. Normally show them the
insurance coverage documents, what r u doing in overseas... just general
one. I hv no problem to achieve a free AP cos I brought the car b4
september 1997.

Then go back home and wait for the shipping company call u. When the cargo
arrive, go there and paid for the forward charges first... The charges is
about RM300+ per 1000kg. My car is 1400kg, so they charge me about 2000kg.
RM300+ @ 2 = RM600+ paid... have to paid... I sent it to Port Klang.
They will give u a forwarding documents, go to the custom in Port Klang,
actually just nearby about 5 mins drive.
Go there and declare ur tax.

This is the very confusing part. Don`t be stupid of fool by ppl, that u
don;t think u brought the car at RM100k and declare Rm50k. For car, they
have an act book to declare the tax. From the book, it written out clearly
all the car (yes, all cars in the work). In the book, there is a price of
the car which we call it "docket money", go check and ask the docket money
of the car. The docket money rate is written out as according to the
country exchange rate. If u bring in a Honda, then the docket money will
be in Yen. Docket money or the basic money will invert to MY$.
Anyone can check the docket money. But don`t laugh yet, it`s not that
simple.

Secondly there`s an accesories charges. Where no one will know how much.
Well the lowest is Rm5000. Don`t think sport rims and side skirt consider
an acessories... they dun count on that...
What they count?... Air cond., tyre, sunrooof.... etc... me can`t remember
much. Last time I did ask for special help which it`s not comfortable to
reveal here, so i got it at minimum accessories charges which is Rm5000.
So I woould suggest that bring in botak tyre and no sunroof to cut down
the cost... for air condsound..AOoi, ask me lar, I brought a car back from UK b4 when I was a student in
year 1999 just before the mellineum...hehe...

well, certain u all guys said was correct and certain were not... maybe
the law change now...

Ok, on 18th September 1997 actually who brought the car at overseas or
before, the student AP was free. As far as I know, AP is free for only
once in a lifetime, and not 2. The AP that I applied was been told by the
guy who work in MITI in 1999 (the year I brought back the car) was at
least from RM5000 up for someone who without it. Depends on what car u r
buying. Certain car is not be able to bring in. It was written out in the
AP form. Used to be Alfa Romeo is one of the car. Can`t remember much and
what add in now.

The person who bring in a car must bought a car being manufactured or used
on road at least 3 years and with a valid insurance coverage of 6 months.
Of course la, urself must have a valid driving license.

Before u bring back a car. U must go to the country Msia trade center to
get t

#20
whitenite

Posted 04 September 2003 - 06:27 PM

whitenite

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moppy wrote:
"Before u bring back a car. U must go to the country Msia trade center to
get the document check."
What document is this?
btw i brought abck a car from UK too. 11 yrs ago.
Big Smile