: I am thinking of importing a used BMW into India from UK when I start work there. Can you enlighten me on the costs involved (e.g. import tax, Shipping and any other costs/tax). Appreciate any info you may have.
2006-10-02 18:41:45 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ India
Only Sachin Tendulkar can advise you in this matter.l
2006-10-04 00:38:08 · answer #1 · answered by jaggu 2 · 0⤊ 0⤋
Used Bmw India
2016-12-15 08:11:06 · answer #2 · answered by puente 4 · 0⤊ 0⤋
The import of used car in India is restricted and as per Foreign Trade Policy; it is allowed only by persons coming on transfer of residence and it should be right hand steering etc..
More interesting thing is that even in such cases importer has to pay full customs duty whereas in case of import of new cars - concessional customs duty is applicable.You are, therefore, advised not to import the car.rather you can buy the car in India as several Big Cars are being manufactured here.
2006-10-03 05:14:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Well the cost of the car will be as under
1.Cost in pounds sterling + 120% import tax+freight or shipment charges+documentation chrages (nominal).
This will be your costing, I think u must talk to cargo clearing agents as they hv contact & can speed up the matter for you.
2006-10-02 18:52:31 · answer #4 · answered by hotchocredrose 3 · 0⤊ 0⤋
man u have to pay double the import duty
2006-10-05 00:42:52 · answer #5 · answered by VIVEK A 2 · 0⤊ 0⤋