G com echonnsea cersae dndded a0 gs The Gazette of the Democratic Socialist Republic of Sti Lanka EXTRAORDINARY 2003 c=adsDS 18 OG qeroswWrn ~ 2003.02.18 'No 127641 TUESDAY. FEBRUARY 18 2003, 9 1276/4 (Published by Authority) PART I: SECTION (1) — GENERAL Government Notifications CUSTOMS NOTIFICATION Depreciation Table for the Valuation of Used Motor Vehicles REFERENCE the Onder made by the Hon, Minister of Finance, intermsof' Article 10of Schedule Eo the Customs Amendments ‘Act, No. 02 of 2003, and published in Gazerte Notification No. 1273/21 of 31st January, 2003, the public is hereby informed that the following depreciation table shall apply for used motor vehicles, Depreciation table for used moror vehicles Depreciated FOB Value Period of Use Motor cars and ‘other motor Vehicles of HS headings 87.01, vehicles of HS 87.02, 87.04 and Jieading 87.03 ‘srr Up 10.6 months, Ni Nil Greater than 6 months to ess than or equal to | year 95% 90% : Greater than 1 to less than or equal to |. L/2 years 90% 85% Greater than 112 years to less than or equal to 2 years 35 150% Srealer than 2 years to less than or equal to 2 1/2 years 80% 6% er thin? U2 years to less than ar equal to 3 yeas 70% 55% Greater than 3 years to less than or equal to 3 1/2 years 250% 50% Greater than 3 1/2 years to less than or equal to 4 years 750% 45% Greater than 4 years to less than or equal to 4 1/2 years ose 250% eater than d 1/2 years 10 less than or equal to 5 years wor 37.50% Greater than 5 years to less than or equal to 51/2 years 55% 32.50% Greater than 51/2 years to less than or equal to 6 years 50% 250% Greater than 6 years to less than or equal to 6 ‘1/2 years 45% 250% Gredier than 6 172 years to less than or equal 17 years 40% 250% Ove1 07 yeas 30% 2230% Ministry of Finance, Colombo 01, 14th Februa’y, 2003, 0395 J-Cungriiia Rarwarre, Secretar Ministry of Finance, ‘en dea dae ci " Lddieiacae