Indian Customs and Baggage Rules
IMPORT OF PASSENGER CARS
Import of passenger Cars
/ Jeep / Multiutility vehicles:
The following rates
of Duty are applicable for import of motor cars and other
motor vehicles principally designed for the transport of less
than 10 persons including station wagons and racing cars.
Since motor vehicles are excluded from the definition of
Baggage, duties are to be collected at the Tariff rate taking
into consideration Exemption Notifications if
any
|
Vehicle
|
Basic Customs
Duty (%) |
Additional
Customs Duty (%) |
Special
Additional Duty (%) |
Total Effective
Duty
(%) |
New, which have
not been registered anywhere prior to
importation,
(a) if
imported as Completely Built-up Units (CBU)
Explanation
I.- "Completely Built-up Unit" means completely
assembled vehicle, whether or not fitted with tyres or
batteries.
Explanation
II.- For removal of doubts, it is hereby clarified
that if the engine and the gear box assemblies are
installed in the body assembly of a vehicle, then such
vehicle shall be deemed as a Completely Built-up
Unit.
(b) if
imported in any other form
|
60
30 |
32
32 |
4
4 |
119.65
78.47 |
|
Other i.e.
already registered |
105 |
32 |
4 |
181.43 |
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.
| (i) |
For every
quarter during 1st year - |
4% |
| (ii) |
For every
quarter during 2nd year - |
3% |
| (iii) |
For every
quarter during 3rd year - |
2.5% |
| (iv) |
For every
quarter during 4th year -
and
thereafter |
2%
subject to a maximum
depreciation of
70% |
|
|
Relocating to India
