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<blockquote data-quote="ALBundy" data-source="post: 127404" data-attributes="member: 15"><p>BMW CIF prices from Royal Custom website,</p><p></p><p><a href="http://www.treasury.gov.my/view.php?ch=37&pg=128&ac=1501&fname=attachment&dbIndex=0&ex=1143182174&md=%F5%F6q%98%E0%2C%E54Jl%B9%E9G%85e%EB" target="_blank">http://www.treasury.gov.my/view.php?ch=37&...l%B9%E9G%85e%EB</a></p><p></p><p>Duty structure for CKD and CBU units,</p><p></p><p><a href="http://www.pmo.gov.my/WebNotesApp/PMMain.nsf/91648221a3933b5148256db4002aa809/e42306185ed484ad482571390036fc2f/$FILE/nap%20-%20cbu.doc" target="_blank">http://www.pmo.gov.my/WebNotesApp/PMMain.n...p%20-%20cbu.doc</a></p><p></p><p>E90 320i CIF Price = 91,545, engine CC = 1995</p><p></p><p>Duty (CBU) = 30% Import Duty, 80 % Excise Duty, 10% Sales Tax</p><p></p><p>1) 91,545 * 1.3 = 119,008.5 (after import duty)</p><p>2) 119,008.5 *1.8 = 214,215.3 (after excise duty)</p><p>3) 214,215.3 * 1.1 = <u><strong>235,636.83</strong></u> (this will be BMW's cost price)</p><p></p><p>New selling price inclusive of roadtax, registration and ownership claim fee (RM 743.30) = <strong><em>249,800.00 </em></strong></p><p></p><p>So BMW only makes RM <u><strong>13,419.87</strong></u> (after deducting roadtax, registration fee and ownership claim fee, not too sure about insurance since its not indicated) gross profit for each car sold??</p><p></p><p>Similarly if the E90 is locally assembled (CKD), then the duty structure will be 5% Import tax, 80% excise duty, 10% sales tax (beats me why there is import tax??!!! :beaten: :beaten: )</p><p></p><p>1) 91,545 * 1.05 = 96,112.25</p><p>2) 96,225 * 1.80 = 173,020.05</p><p>3) 173,020.05 * 1.1 = <u><strong>190,322.055</strong></u></p><p></p><p>A whopping difference of <u><strong>45,314.78</strong></u> which is easily more than 10+++% in savings <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /> ...if and only if the savings are pass to the consumers.</p></blockquote><p></p>
[QUOTE="ALBundy, post: 127404, member: 15"] BMW CIF prices from Royal Custom website, [url=http://www.treasury.gov.my/view.php?ch=37&pg=128&ac=1501&fname=attachment&dbIndex=0&ex=1143182174&md=%F5%F6q%98%E0%2C%E54Jl%B9%E9G%85e%EB]http://www.treasury.gov.my/view.php?ch=37&...l%B9%E9G%85e%EB[/url] Duty structure for CKD and CBU units, [url=http://www.pmo.gov.my/WebNotesApp/PMMain.nsf/91648221a3933b5148256db4002aa809/e42306185ed484ad482571390036fc2f/$FILE/nap%20-%20cbu.doc]http://www.pmo.gov.my/WebNotesApp/PMMain.n...p%20-%20cbu.doc[/url] E90 320i CIF Price = 91,545, engine CC = 1995 Duty (CBU) = 30% Import Duty, 80 % Excise Duty, 10% Sales Tax 1) 91,545 * 1.3 = 119,008.5 (after import duty) 2) 119,008.5 *1.8 = 214,215.3 (after excise duty) 3) 214,215.3 * 1.1 = [u][b]235,636.83[/b][/u] (this will be BMW's cost price) New selling price inclusive of roadtax, registration and ownership claim fee (RM 743.30) = [b][i]249,800.00 [/i][/b] So BMW only makes RM [u][b]13,419.87[/b][/u] (after deducting roadtax, registration fee and ownership claim fee, not too sure about insurance since its not indicated) gross profit for each car sold?? Similarly if the E90 is locally assembled (CKD), then the duty structure will be 5% Import tax, 80% excise duty, 10% sales tax (beats me why there is import tax??!!! :beaten: :beaten: ) 1) 91,545 * 1.05 = 96,112.25 2) 96,225 * 1.80 = 173,020.05 3) 173,020.05 * 1.1 = [u][b]190,322.055[/b][/u] A whopping difference of [u][b]45,314.78[/b][/u] which is easily more than 10+++% in savings :) ...if and only if the savings are pass to the consumers. [/QUOTE]
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