Okay guys I need your help.Basically my sister is getting married in india and my parents wanna giver her a car.Im from london so i wanted to know how it works and is it expensive to do so?
unless its an exotic car, whats the point of going through all the hassles when you can buy loads of cars locally these days
if it is indeed exotic then get ready to pay a helluva duty unless u know insiders, which I doubt you do
IIRC customs on cars were 150% and the car to be imported from the country of manufacture, although am not sure about this so will leave someone else to comment
Besides customs and clearance, shipping will cost you heavily as well. IMO, doesn't make sense at all, buy a car locally, your sister will have piece of mind with spares and service as well.
Do post your budget and I'm sure you'll have good inputs on your purchase!
All these rules are made by indian govt. to protect local car market from global heat/competetion. This will enable local market to upgrade/uplift so that they can compete with global market.
Unfortunately.. local market takes this protection for granted and wish if such protection is limitless.
Impact? .. as a end user .. we dont get best value for money and not all the options are available !!!
105% is just the customs. Plus you have 24% excise + 20k if its more than a 2000cc engine (likely)+4% Surcharge if the engine is below 3liter + road tax(12.5% of the above combined in blore)+registration+octroi (if applicable)+insurance.
It doesn't make any sense whatsoever unless you are importing an exotic.