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Originally Posted by theMAG  Any thoughts on duty paid ? I've heard of some SBKs bought in whilst paying reduced duty via some under-the-table deal with the customs officer; and the bike is later on sold at a reduced cost (due to the lower duty paid) ; and the next owner finding out the hard way that he now has to shell out the extra (missing) duty else the bike will be seized by customs ! |
Yes. This does happen. The law holds the current owner responsible for any problems with the paperwork, regardless of whom you bought it from.
It's important to take a look at the amount of duty paid at the time of import, and the declared value of the bike. If the bike in question is an almost new R1, but the books show it valued at 1.5lakhs, stay away. It could lead to problems later, as it is obvious that the bike has been grossly undervalued. Hence, the owner, if caught, may have to pay the balance duty along with a hefty fine or risk losing his bike to the DRI.
Thanks for the appreciation guys. Lets make this thread into the definitive information source for superbike hunters in India. I covered the topic in general, we can now go a bit more in depth.