|How to import used vehicle into Myanmar« Back to All|
How to import used vehicle into Myanmar
1. Find a reliable supplier :
Recently, The Internet can make you to find the many number of Used Car Exporters in Japan. The point when you select the company, Please look at their history, reliability, durability that is popular and has higher rankings on the website.
Toyota Corolla Fielder
|To avoid Internet fraud, Please contact them closely over the phone to know who they are, or ask about this selected company at your local Japanese embassy. The best way is to find reliable Used Vehicle exporter is to know any their customer who bought the cars from that company.|
|2. Choose the right car :
There is the import regulation for all cars being imported into Myanmar. A vehicle must be imported upon receipt of Vehicles, Motorcycle permission from Trade Council.
The exporter/importer has the right to apply for the issuance of duplicate copy of certificate of registration or identity card issued to him by the directorate of Trade upon payment of Kyats 300/- as service charges.
Toyota Mark II
|3. Payment :|
Once you have decided to purchase the vehicle, you can receive the Invoice from the supplier. The most of the company prefer the customer to arrange the payment by Bank remittance. Once you get the invoice, you can print it out and bring it to your local major bank to transfer money to their bank account. Make sure to have the receipt of your payment at your bank as it is proof of your money transfer and you can submit it to your supplier for their quicker confirmation.
|4. Shipment delivery :|
Once your payment is acknowledged by the supplier, the shipment procedure can be started. It is depending on the condition of payment between you and your supplier.
The delivery of the car to Myanmar shall be carried out before the eligible subject performing exit procedures in the country where he/she is residing.
|5. Port clearance and custom clearing :|
Before the car arrives, you have to find the local port clearing agent who is specialized port clearing company to handle your car from port and custom clearing. You can follow their instruction and arrange the port clearing fee and custom duty with all necessary documents.
There are many numbers of local Clearing & forwarding agent who can handle your vehicle up to boarder of Myanmar at reasonable costs.
Used Vehicle Import Laws In Myanmar
|No export license fee is payable on export of any commodity including agricultural crops. All imports are subject to payment of licence fees, customs duty and commercial tax. Import licence fee is payable on CIF value at a minimum of K 250 up to a maximum of K 50000. On CIF value over K1 million licence fee payable is K 50000 only. ustoms duty together with the commercial tax are collected at the point of entry and the time of clearance of imported goods.|
Commercial tax is levied according to the schedules appended to the Commercial Tax Act 1991, and the rates vary depending on the types of goods and services.
Assessment of Import Duty is based on the assessable value, which is the sum of CIF value and the landing charge ( 0.5 % of the CIF value ) for the goods imported. The commercial taxes together with the custom duty are collected at the point of entry and the time of clearance of imported goods.
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