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Old 10th March 2004, 11:15   #31
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do we have to sign up and join the group to see the video???
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Old 10th March 2004, 13:25   #32
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Yes V12 you gotta join the group

Cheers
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Old 12th August 2006, 10:54   #33
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Cool Ferrari Taxi caught by the D.R.I.

Found a bright red ferrari with KA-03 number plate in showroom condition stashed in the basement of Income Tax office building in Queens Road Bangalore last week, guarded by two goons in civil dress. Is this the same car which was discussed earlier in this forum as registered as Taxi in Trivandrum. The car was registered under some scheme to save import tax, it seems. the car was said to be confiscated by DRI and deposited in Income Tax office for safe custody..
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Old 12th August 2006, 10:56   #34
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I thought it was KL plates
Quite possibly. Were the goons dressed in blue!!!!
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Old 12th August 2006, 11:10   #35
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This is the car right? It always used to be parked at the TVS motors here.

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Old 12th August 2006, 13:08   #36
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Sad to hear about it
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Old 12th August 2006, 13:41   #37
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Quote:
Originally Posted by HOTROD
Sad to hear about it
Am quite happy actually that the government has wizened up to misuse
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Old 12th August 2006, 13:43   #38
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a google search yielded the following results
http://www.newkerala.com/news4.php?a...llnews&id=2353
appears to have been seized by customs.
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Old 13th August 2006, 22:28   #39
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Every time I look at this car and wonder how come the person who bought this car register it as a tourist car?!! also just look at the place it parked looks like theres a vegetable market nearby...had I bought this car ...I would bloddy sell my house to park it saftely!
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Old 13th August 2006, 22:42   #40
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DRI i think can seize vehicles if they find a certain indivual's income to be disproportionate, and feel that the person has paid up for the vehicle in cash.
DRI stands for direct revenue income right?

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Old 13th August 2006, 22:57   #41
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Quote:
Originally Posted by manson
DRI stands for direct revenue income right?

manson.
Nope. Director of Revenue Intelligence.
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Old 13th August 2006, 23:43   #42
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Quote:
Originally Posted by ported_head
Nope. Director of Revenue Intelligence.
Nope, Directorate of Revenue Intelligence.
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Old 14th August 2006, 01:09   #43
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ohhhk, so now i get why the DRI is making a fuss, thanks guys.

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Old 14th August 2006, 01:36   #44
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the only thing that i cant quite reason out is what kind of ppl go and buy ferraris if the only major thing they are concerned about is saving some of their hard'ly' earned money... guys if u actually wanna save on a ferrari, dont even bother buying it... Sometime back lots of such cars were seized from big film stars... again i say, if u want a hummer or something, and show off, hey atleast have the heart to spend on it...
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Old 17th August 2006, 02:21   #45
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Cool

well guys this car was probably caught becoz it was wrongly registered as a taxi. see, a car has to have 4 doors to be registered as a taxi. the rto will accept a suv or even a maruti van but a two door is no way gonna be registered as a taxi. maybe the guy has managed the rto guys or something else. i think this car must have been got under the epcg scheme in which it is now mandatory to register cars imported under this scheme as taxis only.
the point of saving money... yes you do save a lot of money if your cars a cab viz:
1) you pay a piddly some of money as yearly tax..think it is 2800 or so per year for an imported car...so theres no one time tax..imagine how much he saved only i the registeration of the ferrari
2) you get 40% depreciation..
3) YOU GUYS ACTUALLY WANT MORE AR'NT THESE TWO POINTS ENOUGH????!!
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