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 Student Import Permit, MITI website has an interesting FAQ...

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rcracer
post May 20 2007, 09:55 PM

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AP is PERMIT to bring in the car, just a yes to bring it home. Tax is another story altogether.
rcracer
post May 21 2007, 11:49 AM

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QUOTE(ezralimm @ May 20 2007, 10:18 PM)
Then what's the fuss about Cartrade and Naza being given APs?
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QUOTE(ezralimm @ May 20 2007, 10:48 PM)
? They sold it underpriced! If AP requires 140% to 300% tax, there's NO WAY their cars could be that cheap.
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QUOTE(kelvio @ May 20 2007, 11:17 PM)
actually they miss used the AP,
AP is only for ppl working/studying overseas to bring back the car,
''dunno how'' the car deallers can get so many AP
as i know 1 person only can have 1 AP,

last time i heard they sell the AP for RM10k for 1,

so the cost of the car in overseas is cheap,and the TAX for AP car is only 140% above where the GOV normally tax 400% above  for imports car
so in total plus shipping AP cars is still cheaper than the imports
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QUOTE(Chinoz @ May 21 2007, 12:33 AM)
Don't think you can escape paying taxes even if you have an AP. As someone mentioned earlier, AP just allows you to import your car to Malaysia and drive it out of the port.

Regarding the controversy, I wasn't in the country at that time so I'm not exactly sure what happened, but I think it was because APs were being "bought by certain parties" and handed out in excessive amounts? I'm sure they must make quite a healthy profit from imported car sales, even after paying taxes, justifying the 5ish figure price paid per AP.
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The controversy is the conditions that the AP's can be give out were totally overlooked when these people were awarded the AP's. There are a few types of AP's where for importing CBU cars and CKD cars, there were conditions that to be granted an AP you first need to have a company with a certain number of sales branches or a manafacturing facility BUT the AP's were given to people who weren't even in the automotive industry let alone have a single sales branch for that matter.

Secondly if i remember correctly some parties were grossly underdeclaring the value of the cars OR declaring them as second hand cars/recond cars when they were actuallly new to avoid the taxes there.

Thridly the number of AP's that were awarded were astounding in the region of hundreds to ONE single person only who then took the liberty of SELLING the AP's which is NOT allowed because they are meant to be used by the person to whom it was granted too.

Last but not least, all those who were granted AP frivolously were some way or other related to a certain minister in a certain department.

http://paultan.org/archives/2005/07/24/how...ke-their-money/

http://paultan.org/archives/2005/07/29/an-ap-kings-home/

This post has been edited by rcracer: May 21 2007, 12:06 PM

 

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