2. Customs Duty on cars taken to India

Question: I am planning to take my two year old Toyota to India on a transfer of residency. What is the rate of customs duty charged in India on cars. Answer: The rate of duty charged in India presently works out to about 181% Customs duty is charged on the basis of list price prevailing. Trade discount and in the case of used second hand cars the depreciation on the value of the car, depending on the age of the vehicle are deducted from the price list. Freight charges, insurance and landing charges are added to arrive at the final assessable value of the car, on which duty must be paid from your earnings abroad. I would contact a clearance broker in Mumbai to help with documentation and advice if you are seriously contemplating taking your car to India.

More Car Info for NRIs

Import Car to India - Customs Duties in India  >> How NRIs can register a car in India  >> Car Loans in India  >> Documents required when buying or selling car in India  >> NRI gift a car program in India  >> Renting a car in India  >>Selling your car in India Alert for NRIs leaving India  >>
NriInformation Questions &Answers 
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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2. Customs Duty on cars taken to

India

Question: I am planning to take my two year old Toyota to India on a transfer of residency. What is the rate of customs duty charged in India on cars. Answer: The rate of duty charged in India presently works out to about 181% Customs duty is charged on the basis of list price prevailing. Trade discount and in the case of used second hand cars the depreciation on the value of the car, depending on the age of the vehicle are deducted from the price list. Freight charges, insurance and landing charges are added to arrive at the final assessable value of the car, on which duty must be paid from your earnings abroad. I would contact a clearance broker in Mumbai to help with documentation and advice if you are seriously contemplating taking your car to India.

More Car Info for NRIs

Import Car to India - Customs Duties in India  >> How NRIs can register a car in India  >> Car Loans in India  >> Documents required when buying or selling car in India  >> NRI gift a car program in India  >> Renting a car in India  >>Selling your car in India Alert for NRIs leaving India  >>
N
RI Information
Informing  educating and connecting Indians across the globe by Virendar Chand
NriInformation Questions &Answers 
Read Disclaimer at bottom of page
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
NriInformation Questions &Answers 
Read Disclaimer at bottom of page