Custom car makers in india on imported

Value of these vehicles for the purpose of levy of customs duty is CIF value, where C stands for the cost of the goods, I is the insurance and F is the freight. Cost in the case of new vehicle is the transaction value between the seller and the buyer, however in the case of old and used vehicles cost is arrived at by taking value of the vehicle in year manufacture and after allowing depreciation at following rates.

Foreign vehicles imported into India are subject to customs duties that cost more than the retail price at the time of purchase. On average, expect to pay about 1percent duty on a new vehicle or 1percent on a used vehicle.

The regulations for importing used and new foreign cars, motorcycles, scooters and other non-commercial vehicles into India are quite strict. For example, new foreign vehicles can be imported only through the Indian customs ports in Mumbai (Nhava Sheva), Chennai and Kolkata.

The total customs duty on most automobiles comes to over one and a half times the cost of the vehicle. So give it a long, hard think before you part with your hard-earned wad.

Import of Car - Chennai Customs

CBU around 2011-at older custom duty. I am very satisfied with the price I got.

India is the hub for car manufacturing in South Asia. Almost all major auto companies manufacture and sell from here.

Just to encourage manufacturing in India.Such protectionism usually works in case of manufacturing where skill set requirements are attainable.

As per Union Budget 2013-the Basic Custom Duty of import of Luxury Car was raised from 75% to 100%.Currently, cars with a landed cost (Cost, Insurance and Freight) of over $40(around Rs lakh) face 100% Basic Custom Duty.

Import of Passenger Cars into India - Immihelp

Company told me that i need jumper and suspension change as it has started leaking and damaged a bit. The cost they have told is 60-thousand.