475. Calculating Customs Duty on

Car imported to India from Abroad

Questions: Dear Sir,

I want to import my car with T/R to India. Could you please advise how much customs(actual duty) I will have to pay, as I am not clear with the structure of the depreciation. used car Car price from the manufacturer- $82,000 AUD year made - 1993 Based on the above manufacturer price, could you please advise the actual duty I will pay. I will be very thankful for your help. Sincerely, Rao Answer: Depreciation allowed on used cars for calculation of customs duty when a car is imported on transfer of residency is currently: • For every quarter during 1st year 4% • For every quarter during 2nd year 3% • For every quarter during 3rd year 2.5% • For every quarter during 4th year and thereafter 2% • Maximum Depreciation allowed on Used Cars in India is 70% based on the new car price More information on import of cars to India is provided at http://nriinformation.com/articles2/carimp orts_nri.htm You could also check the Indian customs department website for more information on car imports to India. I strongly suggest that if you are serious about importing your car to India, you contact a customs broker and they will provide you with the required forms and give you the exact coast of freight, taxes and customs duty.

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