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Old 22nd September 2014, 18:15   #31
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Default Re: Importing a car/bike under Transfer of Residence : Advice needed

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Originally Posted by GTO View Post
Here's a summary I'd prepared a couple of years back (includes information on Transfer of residence) from various sources (was considering importing a car myself).
thanks a lot for this very detailed information.

most of the fine dust is now clear.

Can I, for better understanding, consider an example for my analysis.

Lets say I plan to return in Dec 2016.
I have to buy a 2014 car by Dec 2015. this car should be >30k EUR (40k USD) and have engine size >2.5 ltr. Correct?

Assuming that it has an ex-factory price of 24k EUR, I have to shell out a tax of 159% of 24k EUR = 38160 EUR taking the total cost to 62160 EUR.

would this analysis be correct?

What are the rules for importing a bike?
I presume the tax % would be the same.

Thanks in advance. this indeed is helping me make a decision.

The car in question is a LR Discovery.
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Old 27th September 2014, 22:14   #32
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Default Re: Importing a car/bike under Transfer of Residence : Advice needed

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*SNIP*

The car in question is a LR Discovery.
Purely out of curiosity, how are you planning on getting the car serviced or repaired here, or even get a spare tyre or whatever?

Cheers
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Old 27th September 2014, 22:17   #33
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Default Re: Importing a car/bike under Transfer of Residence : Advice needed

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Purely out of curiosity, how are you planning on getting the car serviced or repaired here, or even get a spare tyre or whatever?

Cheers
Still checking whether or not it is worth importing the LR Disco 4.

If at all I do, then I'd get it serviced at the JLR service centers in India. the Disco 4 is on sale in India anyway.
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Old 10th January 2017, 21:51   #34
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Default Re: Importing a car under 'Transfer of Residence'

Resurrecting this thread to ask after my particular TOR situation:

I have a 1984 vehicle with a 3000cc displacement and RHD. I'd like to import the car in 2018 via TOR. I live in the UK and have purchased the car for a nominal value here. The car sold for 17K GBP new in 1984.

Do I face any challenges ahead?

Cheers!
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Old 27th July 2017, 11:23   #35
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Default Re: Importing a car under 'Transfer of Residence'

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Originally Posted by Screwdriva View Post
Resurrecting this thread to ask after my particular TOR situation:

I have a 1984 vehicle with a 3000cc displacement and RHD. I'd like to import the car in 2018 via TOR. I live in the UK and have purchased the car for a nominal value here. The car sold for 17K GBP new in 1984.

Do I face any challenges ahead?

Cheers!
Same boat as you. Waiting for expert answers here.
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Old 27th July 2017, 11:40   #36
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Default Re: Importing a car under 'Transfer of Residence'

Quote:
Originally Posted by Screwdriva View Post
Resurrecting this thread to ask after my particular TOR situation:

I have a 1984 vehicle with a 3000cc displacement and RHD. I'd like to import the car in 2018 via TOR. I live in the UK and have purchased the car for a nominal value here. The car sold for 17K GBP new in 1984.

Do I face any challenges ahead?

Cheers!
You need to have owned car for over a year.

Calculate depreciation as per customs norms

Duty will be based on landed depreciated cost.

What car is it?
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Old 27th July 2017, 12:00   #37
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Default Re: Importing a car under 'Transfer of Residence'

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Originally Posted by Screwdriva View Post

I have a 1984 vehicle with a 3000cc displacement and RHD. I'd like to import the car in 2018 via TOR. I live in the UK and have purchased the car for a nominal value here. The car sold for 17K GBP new in 1984.

Do I face any challenges ahead?

Cheers!
Quote:
Originally Posted by kevinephraim View Post
Same boat as you. Waiting for expert answers here.
The Car has to be registered in your name for the last 2 years and the Customs will value the car at 70% less than the cost of car in year of manufacture. Then there is around 160% customs duty, Road Tax, RTO expenses and Clearance expenses along with Port charges, shipping company charges, etc etc
Apart from the duty, just the Shipping company, Port THC and Customs Broker's bill will run up till around 4 lakhs Rupees.
An acquaintance wanted to import his GL/ML(?) ( the 7 seater version), which he had purchased used, for a great price and didn't want to part with it, upon his return to India. The estimated duty along with other charges was arriving at around Rs 18 Lakhs. He sold it off in UK and purchased a Pajero Sport in India .
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Old 27th July 2017, 12:29   #38
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Default Re: Importing a car under 'Transfer of Residence'

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The Car has to be registered in your name for the last 2 years and the Customs will value the car at 70% less than the cost of car in year of manufacture. Then there is around 160% customs duty, Road Tax, RTO expenses and Clearance expenses along with Port charges, shipping company charges, etc etc
Apart from the duty, just the Shipping company, Port THC and Customs Broker's bill will run up till around 4 lakhs Rupees.
An acquaintance wanted to import his GL/ML(?) ( the 7 seater version), which he had purchased used, for a great price and didn't want to part with it, upon his return to India. The estimated duty along with other charges was arriving at around Rs 18 Lakhs. He sold it off in UK and purchased a Pajero Sport in India .
  • The Car has to be registered in your name for the last 2 years - done.
  • Customs will value the car at 70% less than the cost of car in year of manufacture - the actual spoke in the wheel. How do they decide that the car is now 30% value of what it was bought? is there anyway around this?

The remaining charges are acceptable if the above itself is reduced.
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Old 27th July 2017, 14:09   #39
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Default Re: Importing a car under 'Transfer of Residence'

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I have a 1984 vehicle with a 3000cc displacement and RHD
I doubt if they will even allow at first place given the age of the vehicle and present Emission norms in India. Double check with some clearing agents who handle imports of cars in particular.
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