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Valuation Gateway
Following the adoption of the EAC harmonized valuation system for used Motor vehicles and the depreciation Schedule 2014 by the Sectoral Council on Trade, Industry, Finance and Investment;
We have the pleasure to publish the prices for motor vehicles when they were new
and their depreciation rates.
The attached prices of motor vehicles when they were new are depreciated according to the following:
EAC PROPOSED DEPRECIATION SCHEDULE
| PERIOD OF USE | DEPRECIATED FOB RATE |
| More than 1 year and less than or equal to 2 years | 20% |
| More than 2 years and less than or equal to 3 years | 30% |
| More than 3 years and less than or equal to 4 years | 40% |
| More than 4 years and less than or equal to 5 years | 50% |
| More than 5 years and less than or equal to 6 years | 55% |
| More than 6 years and less than or equal to 7 years | 60% |
| More than 7 years and less than or equal to 8 years | 65% |
| More than 8 years and less than or equal to 9 years | 70% |
| More than 9 years and less than or equal to 10 years | 75% |
| More than 10 years | 80% |
The values of Motor vehicles when they were new published by Customs are attached in next worksheet.
Please download the Motor vehicles values when they were new.
