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peeve · 14th November 2007, 19:05

Hi,
I had contacted the customs department in Kochi to clarify the present rules regarding import of cars under Transfer of Residence ( T.R) and regarding import of spares (used and new ), engines ......I am posting the reply I got from the customs dept here...

Customs Help Centre Query No.252
From: Philip Varghese,

Import of vehicles to India is restricted and subject to conditions. In the case of individuals, a car owned by him abroad at least for one year prior to import only shall be allowed, on his return to India for permanent settlement after continuous two year stay abroad, provided the vehicle has right hand steering and controls.

1)There is no restriction on age / C.C etc., if above conditions are fulfilled

2). Depreciation shall be @ 16%, 12%, 10%, 8% and so on, maximum depreciation shall be 70%

3) Import of used items (including Engine) is restricted and hence, shall be imported only under specific licence. However, there is no restriction for import of new items. Total duty works out to 34.3%I hope this will throw some light on the issue..
Cheers !!

14th November 2007, 19:05	#11 (permalink)
peeve Newbie Join Date: Oct 2007 Location: Kochi Posts: 15	Present Customs Rules Clarifications Hi, I had contacted the customs department in Kochi to clarify the present rules regarding import of cars under Transfer of Residence ( T.R) and regarding import of spares (used and new ), engines ......I am posting the reply I got from the customs dept here... Customs Help Centre Query No.252 From: Philip Varghese, Import of vehicles to India is restricted and subject to conditions. In the case of individuals, a car owned by him abroad at least for one year prior to import only shall be allowed, on his return to India for permanent settlement after continuous two year stay abroad, provided the vehicle has right hand steering and controls. 1)There is no restriction on age / C.C etc., if above conditions are fulfilled 2). Depreciation shall be @ 16%, 12%, 10%, 8% and so on, maximum depreciation shall be 70% 3) Import of used items (including Engine) is restricted and hence, shall be imported only under specific licence. However, there is no restriction for import of new items. Total duty works out to 34.3%I hope this will throw some light on the issue.. Cheers !!