Quote:
Originally Posted by khanak  uhhmm a question about getting cars into the county on the NRI scheme.
1 Is the duty 40% or 154%?
2 Besides the car being a RHD are there any other limitations?
3 Does the car have to be new or does it have to be owned by the NRI for a number of years? |
As far as i tried to find out, it was 104%(same as when u bring in new cars) on the depreciated value and a max of 70% depreciation can be taken(or is it 30%).
The car has to be RHD(atleast when it enters the country) and it needs to be registered in your name for a minumum of 1 yr in the foreign country.
Also ppl are taking about EPCG, well its not very difficult if you have the connections, most of the guys who avail EPCG have connections but not to the extend as to avoid the hassles. I know of someone in a very important business who has bought multiple cars under EPCG without a hitch for many years and will cont to do so. He might even think about the new license plate available which is LED based so when parked it could have a yellow background and when driving it could be in white or whatever else comes out. anyhow I think its ridiculous to charge the duty they do in todays time but thats another story altogether.