115. Customs duty on old car taken to India

Q: Dear Sir My name is felix , I am an Indian (KERALA)working in Dubai , since 12 years , I am using in UAE 5 years old Mazda 6 car , I would like to bring this car to India for permanent use there , what is the procedures ? how many percentage I have to pay 5 years old car ,up to how old car can import to India , please gave me right answer Thanking you Felix pulickal A. The rate of duty works out to around 181% on cars. You should be able to claim depreciation on the used car to determine value. Information about car depreciation allowed in India is discussed HERE Perhaps you should also read the information on Import of cars by NRIs provided on this website. The link to the page is HERE
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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115. Customs duty on old car

taken to India

Q: Dear Sir My name is felix , I am an Indian (KERALA)working in Dubai , since 12 years , I am using in UAE 5 years old Mazda 6 car , I would like to bring this car to India for permanent use there , what is the procedures ? how many percentage I have to pay 5 years old car ,up to how old car can import to India , please gave me right answer Thanking you Felix pulickal A. The rate of duty works out to around 181% on cars. You should be able to claim depreciation on the used car to determine value. Information about car depreciation allowed in India is discussed HERE Perhaps you should also read the information on Import of cars by NRIs provided on this website. The link to the page is HERE
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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