Nissan Magnite 1.0 Turbo CVT 2025 Import Tax in Sri Lanka

Ranked among the top 10 most imported vehicles in Sri Lanka with an estimated 990 units registered in 2025, the Nissan Magnite has carved out a strong position as one of the most accessible compact SUVs on the market. Manufactured in India and officially represented locally by AMW, its relatively affordable FOB price of around JPY 1,650,000 makes it an attractive starting point but Sri Lankan buyers should understand how significantly taxes reshape the final cost. With a CIF value of LKR 3,500,000, total import taxes amount to LKR 5,507,267, bringing the complete landed cost to approximately LKR 9,007,267. That represents an effective tax burden of 157.4% on the CIF value, driven primarily by Excise Duty of LKR 2,897,100 and VAT of LKR 1,373,990. The 1.0L turbocharged petrol engine displacing 999cc sits within the HS Code 8703.21 classification, attracting a Customs Import Duty of LKR 700,000 plus a surcharge of LKR 350,000. For budget-conscious buyers, the Magnite's strong fuel economy and sub-1000cc engine offer some cost advantages at the pump, though the import tax structure means the landed price is roughly 2.5 times the FOB value. Registration, insurance, and dealer margins are additional costs to factor in before finalising your budget.