Indicative values for second hand motor vehicles
The Free on Board (FOB) value for Customs purposes of any of the above mentioned vehicles is calculated as follows - GN 108 of 2003 refers to:
- Retail Market Price * 0.75 reduced by 9% for the first month of use and 1% for each subsequent month up to a maximum of 56%.
- Other Retail Market Prices are available in Guide Books such as the Japanese Automotive Guide Books and Parker's Car Price Guide.
Please note that the values are indicative and for further information, you may contact the Second Hand Vehicles Section on 202 0500(Extension: 2076).