Pics, Details and Info about the Ferrari 575M in Kerala regd as a Taxi.

v12 · 10th March 2004, 11:15

do we have to sign up and join the group to see the video???

Dippy · 10th March 2004, 13:25

Yes V12 you gotta join the group

Cheers

screwdriver · 12th August 2006, 10:54

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..

ajmat · 12th August 2006, 10:56

I thought it was KL plates
Quite possibly. Were the goons dressed in blue!!!!

karthik247 · 12th August 2006, 11:10

This is the car right? It always used to be parked at the TVS motors here.

HOTROD · 12th August 2006, 13:08

Sad to hear about it

ajmat · 12th August 2006, 13:41

Quote:

Originally Posted by HOTROD

Sad to hear about it

Am quite happy actually that the government has wizened up to misuse

highsoarer · 12th August 2006, 13:43

a google search yielded the following results
http://www.newkerala.com/news4.php?a...llnews&id=2353
appears to have been seized by customs.

comfortablywacky · 13th August 2006, 22:28

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!

manson · 13th August 2006, 22:42

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?

manson.

ported_head · 13th August 2006, 22:57

Quote:

Originally Posted by manson

DRI stands for direct revenue income right?

manson.

Nope. Director of Revenue Intelligence.

iraghava · 13th August 2006, 23:43

Quote:

Originally Posted by ported_head

Nope. Director of Revenue Intelligence.

Nope, Directorate of Revenue Intelligence.

manson · 14th August 2006, 01:09

ohhhk, so now i get why the DRI is making a fuss, thanks guys.

manson.

ess_a · 14th August 2006, 01:36

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...

V-16 · 17th August 2006, 02:21

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????!!

10th March 2004, 11:15	#31
v12 Distinguished - BHPian Join Date: Feb 2004 Location: Mumbai Posts: 6,773 Thanked: 7,569 Times View My Garage	do we have to sign up and join the group to see the video???
	() Thanks

10th March 2004, 13:25	#32
Dippy Senior - BHPian Join Date: Feb 2004 Location: Mumbai, India Posts: 7,738 Thanked: 4,108 Times	Yes V12 you gotta join the group Cheers
	() Thanks

12th August 2006, 10:54	#33
screwdriver Newbie Join Date: Aug 2006 Location: bangalore Posts: 1 Thanked: 0 Times	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..
	() Thanks

12th August 2006, 10:56	#34
ajmat Team-BHP Support Join Date: Feb 2004 Location: Bangalore Posts: 15,176 Thanked: 31,076 Times View My Garage	I thought it was KL plates Quite possibly. Were the goons dressed in blue!!!!
	() Thanks

12th August 2006, 11:10	#35
karthik247 Senior - BHPian Join Date: Feb 2005 Location: BLR, HYD Posts: 2,710 Thanked: 30 Times	This is the car right? It always used to be parked at the TVS motors here.
	() Thanks

12th August 2006, 13:08	#36
HOTROD BHPian Join Date: Dec 2005 Location: Chennai Posts: 134 Thanked: 186 Times	Sad to hear about it
	() Thanks

12th August 2006, 13:43	#38
highsoarer Newbie Join Date: Aug 2006 Location: cochin Posts: 2 Thanked: 0 Times	a google search yielded the following results http://www.newkerala.com/news4.php?a...llnews&id=2353 appears to have been seized by customs.
	() Thanks

13th August 2006, 22:28	#39
comfortablywacky BHPian Join Date: Sep 2004 Location: Melbourne Posts: 540 Thanked: 8 Times	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!
	() Thanks

13th August 2006, 22:42	#40
manson Distinguished - BHPian Join Date: Oct 2004 Location: Bombay Posts: 3,933 Thanked: 4,290 Times View My Garage	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? manson.
	() Thanks

14th August 2006, 01:09	#43
manson Distinguished - BHPian Join Date: Oct 2004 Location: Bombay Posts: 3,933 Thanked: 4,290 Times View My Garage	ohhhk, so now i get why the DRI is making a fuss, thanks guys. manson.
	() Thanks

14th August 2006, 01:36	#44
ess_a BHPian Join Date: Jul 2006 Location: New Delhi Posts: 317 Thanked: 6 Times	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...
	() Thanks

17th August 2006, 02:21	#45
V-16 Senior - BHPian Join Date: May 2005 Location: mumbai Posts: 4,594 Thanked: 960 Times View My Garage	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????!!
	() Thanks