[manson]

Sks, varun is talking about a 03 r6, not r1.

Varun, one cannot bring in a vehicle older than four years unless its being brought down on transfer of residence.

Now coming to the procedure;
say a brand new r1 is valued at 10000 usd, you get 10 percent depreciation for each year, in this case 40 percent, which is calculated on the reducing balance method.
So now, the bike will be valued at 6,500 usd.
On this the custom from what i last heard would charge you 160 percent duty, which would workout to 10,400 usd.
So now the bike has already costed you a whopping 16,900 usd.
To this now you add the shipping expenses, say 1,000 usd (inclusive of your clearing and forwarding charges), road tax, which is 21 percent (3 times 7 percent for imports) of your landed value of 16,900 usd, thjat works out to a little over 3500 usd.
So now your total purchase cost has turned out to be a crazy 21,400 x 40 (exchange rate at best) 8,56,000, and we yet have our chai paani lads waiting for you.

at the same time, i am certain you can find a 03 r1 for 6-6.5 without any haggling around and with similar paperwork, and without doing any running around too.

please note that the above mentioned procedure is for a set of very clean papers, and i could be sorta off on things, so experts please make corrections where applicable.

manson.