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Cheaper imported cars : Wet dream or Reality ?
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<blockquote data-quote="ALBundy" data-source="post: 397184" data-attributes="member: 15"><p>If you do more checks the figures quoted for the excise duties are also way off mark.</p><p> </p><p>Current excise duty is 80% for 1.8 liter cars and below, 140% for 2 liters and above if I remember correctly. It was mentioned 200% in the article. </p><p> </p><p>Our import duty has been revised in accordance to AFTA, but each time it was reduced, the excise duty went up in accordance. </p><p> </p><p>As to whether it is right to slap excise duty on "foreign" products, that is subject to intepretation. Historically excise duty is only meant for locally made products. </p><p> </p><p>Cheers</p></blockquote><p></p>
[QUOTE="ALBundy, post: 397184, member: 15"] If you do more checks the figures quoted for the excise duties are also way off mark. Current excise duty is 80% for 1.8 liter cars and below, 140% for 2 liters and above if I remember correctly. It was mentioned 200% in the article. Our import duty has been revised in accordance to AFTA, but each time it was reduced, the excise duty went up in accordance. As to whether it is right to slap excise duty on "foreign" products, that is subject to intepretation. Historically excise duty is only meant for locally made products. Cheers [/QUOTE]
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