Moderator: 3ne2nr Mods
(8000 x 6.45) $ 51,600.00
Duty (25% of $51,600) $ 12,900.00
Motor vehicle tax (1490 x 3.75)
$ 5,587.50
Total cost before vat
$70,087.50
VALUE ADDED TAX
$10,513.13
COST AFTER ALL TAXES
$80,600.63
BROKER & MISC FEES
$2,000.00
TOTAL COST $ 82,600.63
Prince2424 wrote:Nice post Brandon. Thanks. What do you mean you pay 75% of the MVT if you are importing personally ? For example for a 1,500 MVT =$3.75 x 1500 or $3.75 x 1500 x 75 % ?
Also, can you explain the process when the ship arrives at the port in Trinidad ? Exactly from clearing to licensing ?
Thanks !
A citizen of T&T is allowed 1 car every three years. During this time the car cannot be sold or transferred.
You should ensure you have access to USD. Most of these sites will quote in USD (this was my major problem...and prolonged the transaction for 2 weeks)
I used the following supplier CARCHS Co. Ltd.
When you find the car you want (car must not be over 6 years). Message the seller and negotiate a price I opted and used the paytrade system for security reasons (information is on the site)
Once you both agree on the price, the seller will initiate the transaction by providing you with an invoice. This is payable in 1-2 business days (pay close attention to the time in Japan)
They would send you the wire instructions for you to wire the funds (ensure that you send the charges so the full invoices amount reaches the sellers bank)
Once the seller confirms receipt of funds they would initiate the de-registration and shipping process...
Once they had de-registered and organize the shipping they would send you the documents via post and scanned email
1. Invoice (I did not receive a caricom invoice)
2. Bill of lading (3 copies)
3. De- registration certificate
4. Year of manufacture letter (ENSURE THAT YOU RECEIVE THIS)
Copy all documents and go the TTMA Building in Barataria ground floor and apply for the license. It would be ready in about 1-2 weeks
Pay close attention to when the vehicle is arriving and secure the services of a broker to clear the car.
Once cleared you can wreck it home, or drive it if you can get D plates.
and that's it.
Now I did everything regarding the sale in Japan through the site. It is possible to contact the supplier separately, but it will be more risky as the site offers security.
If you do decide to use pay trade, it comes at an extra cost
DISCLAIMER: this was based on my experience, and I cannot say that your experience will be like mine. Be wise and cautious
Prince2424 wrote:Purchased my vehicle from Sbt Japan
spanglish1 wrote:The application process for import licence has now changed. A broker would now have to apply for the import licence for you. Please visit the TTMA Trade Licence Unit for further information. And also it is mandatory by law that goods over $20k must acquire an import licence through a licensed customs broker and clearing must be done by them as well. The process is now done online as of the 1st July 2014. All hard copy import licences applied for prior to this is now null and void and the process must be done over.
spanglish1 wrote:Yes i have a vehicle coming for a customer and we applied for the import licence some weeks ago only to be told once the car is arriving after the 1st July 2014 the old import licence would be null and void. You would not be able to use this to clear your vehicle! Because of smart men applying for cars under people's names without their knowledge they have now enforced the law. So I have passed it onto my broker who deals with all my imports. They may just charge a lil extra for the hassle of applying for it but you dont have a choice anyway. Please visit TTMA for brochures on this.
Prince2424 wrote:What is the procedure to apply for the new one ? My vehicle is coming in next Monday and my import license was applied for in June ?
Prince2424 wrote:Thanks Alis. I was using the broker from the Company I am employed, else I would have engaged your service to clear and had given him all the documents and signed some this week for him to clear.
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