Importing a car from Singapore. - Team-BHP

fb1 · 12th December 2007, 00:28

First of all I would like you guys to read this article.
Buying Used Car From Singapore

Second... check out this website

Global Car Exports Singapore - Stock List

The prices are ridiculously low... The price for a 2003 audi tt with 41k kms is $28k singapore dollars... that is roughly 8.2 lakhs... What if I want to get a car exported from singapore to chennai.. How would that work out? Also my father is flying for Singapore airlines... What is the duty for importing a second hand car from singapore to india? My dad is planning on shifting from Singapore to India in about 6 months.. Is there any chance of me getting a car such as Audi TT, Mazda RX8 / Integra Type R on "TR" Transfer of residence.. Isnt this when you dont have to pay taxes..??

Sorry guys I am very new to this whole thing so I need some help.. Thanks

fb1 · 12th December 2007, 00:47

Actually I am not sure if its in USD or SGD but whatever... I need more info on this !! Thanks

ram_hyundai · 12th December 2007, 08:38

fb1-great find and great news for all.i am not sure of the procedure but the gurus here will help.as soon as its sorted out all the buddys out there can actually have a taste of angrezi autos still not available in the country.i liked the alfa romeo in blue and its only 7 l for it.amazing.

ram

HellwratH · 12th December 2007, 09:43

Quote:

Originally Posted by fb1

Actually I am not sure if its in USD or SGD but whatever... I need more info on this !! Thanks

It does mention SGD on the website.

S600BENZ · 12th December 2007, 10:12

DUDE, This is India, nothing is Tax free. Coming back on TR only permits you to get a used car into India, Duty works out to approximately 164 % on the depriciated value.
How it works for the 2003 Audi TT is that the customs take the value of the new car in 2003 from the Kellys Blue Book and give you depreciaiton for 4 yrs. Which I think is around 48%. Then on that value they will charge you 164% duty. It does not make a difference at what price you buy the car. Plus the car will have to be registered in your dads name for at least a yr or they will levy fine and penalty also. This is to make sure that genuine users are bringing back the cars that they used there.

V-16 · 12th December 2007, 11:07

fb1 buddy, TR or transfer of residence means that the car has to be proven that it was in your use from at least a year before it was intended to be mposted. Well that can be worked out but as S600BENZ pointed out, the fine, penalty and duty structure makes it more lucrative to import a brand new car at a lesser duty than a used car. Of course depending on the depreciation and the vintage of the car being imported, the depreciation will be allowed but that is negligible. Now since anyone can impost any car (subject to homologation laws), it makes more sense to get in a brand new car. Study this further. There are a lot of dealers who are into this sort of thing and will help you out with the details and nuances which otherwise, would haunt you when you have finally imported the car. Thats when the nightmare begins.

ShaKo · 12th December 2007, 13:40

So much for "Of the people, by the people and for the people"

vicra · 12th December 2007, 14:17

Hi,

First its not USD its SGD and 1SGD as of today is 27.79 INR.

My freind there are freighters (CAN CARRY ABOUT 90 TONNES ON AIR) moving from singapore to chennai on a daily basis but the cost involved is way to high.Approximnately it will cost you
1.70SGD/KG = 47INR/KG , Any car will definitly weight around 1- 2
tonnes so 2 tonnes=2000kg

2000*47INR =94,000
+
INTERNATIONAL SECURITY SURCHARGE
+
FUEL SUR CHARGES
+
DANGEROUS GOODS CHARGES
+
HANDLING CHARGES
+
Origin & destination customs clearance charges

All put together finally you will receive a bill of 3-4lakhs

Better move the car (freight) on sea......

Total charges will be less than 1 lakih

On both the cases duty will be heavy...approximately 200% on actuall value of the car.

Quote:

Originally Posted by fb1

First of all I would like you guys to read this article.
Buying Used Car From Singapore

Second... check out this website

Global Car Exports Singapore - Stock List

The prices are ridiculously low... The price for a 2003 audi tt with 41k kms is $28k singapore dollars... that is roughly 8.2 lakhs... What if I want to get a car exported from singapore to chennai.. How would that work out? Also my father is flying for Singapore airlines... What is the duty for importing a second hand car from singapore to india? My dad is planning on shifting from Singapore to India in about 6 months.. Is there any chance of me getting a car such as Audi TT, Mazda RX8 / Integra Type R on "TR" Transfer of residence.. Isnt this when you dont have to pay taxes..??

Sorry guys I am very new to this whole thing so I need some help.. Thanks

Mayavi · 12th December 2007, 22:07

Quote:

Originally Posted by ShaKo

So much for "Of the people, by the people and for the people"

hehehee Funny... I wonder what the people would say when they are asked to go and lay a road or build a bridge. Bridge - of the people, for the people and by the people!

fb1 · 14th December 2007, 04:50

theres goes my plans of getting an Audi TT / Integra Type R... :(

fb1 · 29th December 2007, 09:58

guys from chennai, i dont wanna give up on this.. where can i find out more details bout importing a used car from singapore... any one know any one frm customs in chennai that i can talk to.

fb1 · 3rd January 2008, 16:53

bump anyone? ;O ....

snaronikar · 3rd January 2008, 17:03

How about the taxes part (customs duty) of importing a complete CBU? Does anybody know of this. I heard it will be around 150% of the vehicle cost...

appuchan · 3rd January 2008, 18:01

Import of Car by NRIs

Some official information at this page...

CLEARANCE OF INCOMING PASSENGERS

Godfather · 3rd January 2008, 18:13

Quote:

Originally Posted by fb1

theres goes my plans of getting an Audi TT / Integra Type R... :(

Try this link . Japanese used car,japan new cars,japan used car,Japanese new cars
These guys are genuine exporters of Japanese cars and i have personally picked up a car from them.
Very serious buyers only.. check out the prices..They will also ship it to your country of residence.Best part.. all cars are RHD..

Goddy

12th December 2007, 00:28	#1 (permalink)
fb1 BHPian Join Date: Jun 2006 Location: Chennai Posts: 166	Importing a car from Singapore. First of all I would like you guys to read this article. Buying Used Car From Singapore Second... check out this website Global Car Exports Singapore - Stock List The prices are ridiculously low... The price for a 2003 audi tt with 41k kms is $28k singapore dollars... that is roughly 8.2 lakhs... What if I want to get a car exported from singapore to chennai.. How would that work out? Also my father is flying for Singapore airlines... What is the duty for importing a second hand car from singapore to india? My dad is planning on shifting from Singapore to India in about 6 months.. Is there any chance of me getting a car such as Audi TT, Mazda RX8 / Integra Type R on "TR" Transfer of residence.. Isnt this when you dont have to pay taxes..?? Sorry guys I am very new to this whole thing so I need some help.. Thanks

12th December 2007, 08:38	#3 (permalink)
ram_hyundai Senior - BHPian Join Date: Jun 2006 Location: trivandrum,alleppey Posts: 1,565 View My Garage	fb1-great find and great news for all.i am not sure of the procedure but the gurus here will help.as soon as its sorted out all the buddys out there can actually have a taste of angrezi autos still not available in the country.i liked the alfa romeo in blue and its only 7 l for it.amazing. ram __________________ *Become MAD SOON and join the MON SOON Drive.* *one more from me-* *hey MAN come SOON for the MONSOON drive*

12th December 2007, 11:07	#6 (permalink)
V-16 Distinguished - BHPian Join Date: May 2005 Location: mumbai Posts: 2,552 View My Garage	fb1 buddy, TR or transfer of residence means that the car has to be proven that it was in your use from at least a year before it was intended to be mposted. Well that can be worked out but as S600BENZ pointed out, the fine, penalty and duty structure makes it more lucrative to import a brand new car at a lesser duty than a used car. Of course depending on the depreciation and the vintage of the car being imported, the depreciation will be allowed but that is negligible. Now since anyone can impost any car (subject to homologation laws), it makes more sense to get in a brand new car. Study this further. There are a lot of dealers who are into this sort of thing and will help you out with the details and nuances which otherwise, would haunt you when you have finally imported the car. Thats when the nightmare begins. __________________ SINGH IS KING!!!!

12th December 2007, 13:40	#7 (permalink)
ShaKo Newbie Join Date: May 2007 Location: Bangalore Posts: 47	So much for "Of the people, by the people and for the people" __________________ Cheers, ShaKo __________________________________________ Born free ....... TAXED to death !!!

3rd January 2008, 17:03	#13 (permalink)
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 1,645 View My Garage	How about the taxes part (customs duty) of importing a complete CBU? Does anybody know of this. I heard it will be around 150% of the vehicle cost... __________________ Love your job but Never love your company because you never know when your company stops loving you-NRN

12th December 2007, 00:47	#2 (permalink)
fb1 BHPian Join Date: Jun 2006 Location: Chennai Posts: 166	Actually I am not sure if its in USD or SGD but whatever... I need more info on this !! Thanks

12th December 2007, 10:12	#5 (permalink)
S600BENZ BHPian Join Date: Mar 2004 Location: Mumbai Posts: 298	DUDE, This is India, nothing is Tax free. Coming back on TR only permits you to get a used car into India, Duty works out to approximately 164 % on the depriciated value. How it works for the 2003 Audi TT is that the customs take the value of the new car in 2003 from the Kellys Blue Book and give you depreciaiton for 4 yrs. Which I think is around 48%. Then on that value they will charge you 164% duty. It does not make a difference at what price you buy the car. Plus the car will have to be registered in your dads name for at least a yr or they will levy fine and penalty also. This is to make sure that genuine users are bringing back the cars that they used there.

14th December 2007, 04:50	#10 (permalink)
fb1 BHPian Join Date: Jun 2006 Location: Chennai Posts: 166	theres goes my plans of getting an Audi TT / Integra Type R... :(

29th December 2007, 09:58	#11 (permalink)
fb1 BHPian Join Date: Jun 2006 Location: Chennai Posts: 166	guys from chennai, i dont wanna give up on this.. where can i find out more details bout importing a used car from singapore... any one know any one frm customs in chennai that i can talk to.

3rd January 2008, 16:53	#12 (permalink)
fb1 BHPian Join Date: Jun 2006 Location: Chennai Posts: 166	bump anyone? ;O ....

3rd January 2008, 18:01	#14 (permalink)
appuchan BHPian Join Date: Jan 2006 Location: Bangalore Posts: 330	Import of Car by NRIs Some official information at this page... CLEARANCE OF INCOMING PASSENGERS

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