Camry at the price of Corolla - Team-BHP

btirthankar · 21st March 2008, 13:33

It is possible to buy a brand new Camry under EPCG Scheme (If ur entity got Net +ve Forex annually)

Sharing a PPT
<iframe src='http://docs.google.com/EmbedSlideshow?docid=dgk5tq5v_124gb9rh8fn' frameborder='0' width='410' height='342'></iframe>

AMATMO · 21st March 2008, 14:44

thanks for putting up the chart
we knew of the EPCG but thanks for these details

arunmur · 21st March 2008, 15:36

This is nice bit of info. What is EPCG expands to any way ?

How often do you know companies using this method of purchase? If it is used often then, is this the reason many manufacturers are sticking to CBU though they could sell more cars if the build it here?

I Think a Corolla/Civic locally assembled can give the SX4 a run for its money.

akshay1234 · 21st March 2008, 15:50

this is probably for the old camry since theres no way the onroad price of the new one is 20l

btirthankar · 21st March 2008, 16:09

Quote:

Originally Posted by akshay1234

this is probably for the old camry since theres no way the onroad price of the new one is 20l

No its for the new camry.

U must have seen JW Marriot has an entire fleet of beige metallic ones.

dhaval · 21st March 2008, 16:22

I am sure all the hoteliers, travel agents, and tour operators must be using this scheme to the fullest. Any idea as to how people like you and me can avail of such schemes?

Fountainheader · 21st March 2008, 16:32

Aint such cars supposed to have a Black/Yellow number plate ? Like the ones Hertz/Avis use ?

btirthankar · 21st March 2008, 16:54

Quote:

Originally Posted by dhaval

I am sure all the hoteliers, travel agents, and tour operators must be using this scheme to the fullest. Any idea as to how people like you and me can avail of such schemes?

Thats why I started this thread. We just need to locate which of our close contacts are into the businesses that qualify for this. I am sure we wont mind driving cars with Taxi registration. How does it matter. Get a Uniform for your Driver and "u have arrived"

ashthedivx · 21st March 2008, 17:03

Quote:

Originally Posted by btirthankar

Thats why I started this thread. We just need to locate which of our close contacts are into the businesses that qualify for this. I am sure we wont mind driving cars with Taxi registration. How does it matter. Get a Uniform for your Driver and "u have arrived"

Doesn't maintaining taxi registration attract fee and taxes which needs to be paid every year ?

dhaval · 21st March 2008, 17:24

Quote:

Originally Posted by btirthankar

Thats why I started this thread....Get a Uniform for your Driver and "u have arrived"

Easier said than done my friend. About establishing some contacts in the business is okay. But everyone cannot employ a chauffeur, atleast not me to drive the "taxi" thus so to be called.

Quote:

Originally Posted by ashthedivx

Doesn't maintaining taxi registration attract fee and taxes which needs to be paid every year ?

to this. Is it not easy to pay one time RTO charge rather than paying charges every year.
And besides that what about the resale value of these cars!!?? The car must be totally personal, but ultimately you are selling a "taxi" right?

JayD · 21st March 2008, 17:42

I don't think normal people(ppl not eligiblr for this scheme) can buy these cars new. The cars can only be sold by the first owner after some 5/6 years. Some time back, a lot of cars which were illegaly sold were seized by the govt. It was after this i think that the yellow board rule came into place.

csentil · 21st March 2008, 18:43

Quote:

Originally Posted by btirthankar

Thats why I started this thread. We just need to locate which of our close contacts are into the businesses that qualify for this. I am sure we wont mind driving cars with Taxi registration. How does it matter. Get a Uniform for your Driver and "u have arrived"

Well if you remember a year or two back a lot of imported cars and their owners got into a fine mess. The reason being they had got their imported car using this route. Most of the cine stars got hauled up for the same.

For business purposes (read hotels, chauffeured services etc) it is valid, however the moment you use it for personal purposes you are essentially breaking the law. Some of the cars actually got re-registered in the owner's name too with a little bit of help from the money happy RTO's.

ajmat · 21st March 2008, 18:47

I might add that the DRI keep checking on whether these cars are actually used for the purpose by sending decay enquiries

revvedup · 21st March 2008, 19:13

Actually its not necessary to use your car as a taxi. Provided that the car is used for the purpose of earning foreign currency ( which is eight times the duty saved on your car to be earned in 5 years). There are atleast 100 forms/procedures to go through before you can avail of this scheme, it is not as easy it looks. I remember autocar featured an article about this sometime ago.

csentil · 21st March 2008, 19:52

Quote:

Originally Posted by ajmat

I might add that the DRI keep checking on whether these cars are actually used for the purpose by sending decay enquiries

Ajmat, what's decay enquiries?

21st March 2008, 13:33	#1 (permalink)
btirthankar BHPian Join Date: Sep 2007 Location: Bangalore, Kolkata Posts: 345 View My Garage Infractions: 0/1 (4)	Camry at the price of Corolla It is possible to buy a brand new Camry under EPCG Scheme (If ur entity got Net +ve Forex annually) Sharing a PPT <iframe src='http://docs.google.com/EmbedSlideshow?docid=dgk5tq5v_124gb9rh8fn' frameborder='0' width='410' height='342'></iframe> Attached Thumbnails __________________ Innova 2008 \| Earlier: M800, Opel Astra, Yamaha RX100, P Padmini

21st March 2008, 14:44	#2 (permalink)
AMATMO Senior - BHPian Join Date: Jul 2007 Location: Bangalore\GOA Posts: 1,212	thanks for putting up the chart we knew of the EPCG but thanks for these details __________________ I am a good bad boy

21st March 2008, 16:22	#6 (permalink)
dhaval BHPian Join Date: Aug 2007 Location: Pune Posts: 339 View My Garage	I am sure all the hoteliers, travel agents, and tour operators must be using this scheme to the fullest. Any idea as to how people like you and me can avail of such schemes? __________________ FORD

21st March 2008, 16:32	#7 (permalink)
Fountainheader BHPian Join Date: Feb 2008 Location: Chennai Posts: 200	Aint such cars supposed to have a Black/Yellow number plate ? Like the ones Hertz/Avis use ? __________________ Reality continues to ruin my life - Calvin to Hobbes ---- Pulsar 180 DTSi - June 2005

21st March 2008, 17:42	#11 (permalink)
JayD Senior - BHPian Join Date: Jun 2007 Location: Cochin, coimbatore. Posts: 1,489 View My Garage	I don't think normal people(ppl not eligiblr for this scheme) can buy these cars new. The cars can only be sold by the first owner after some 5/6 years. Some time back, a lot of cars which were illegaly sold were seized by the govt. It was after this i think that the yellow board rule came into place. __________________ ATTENDANCE- The last 3 minutes of a class which makes the 2 hours of torture worthwhile!!

21st March 2008, 15:36	#3 (permalink)
arunmur BHPian Join Date: Mar 2008 Location: Bangalore Posts: 83	This is nice bit of info. What is EPCG expands to any way ? How often do you know companies using this method of purchase? If it is used often then, is this the reason many manufacturers are sticking to CBU though they could sell more cars if the build it here? I Think a Corolla/Civic locally assembled can give the SX4 a run for its money.

21st March 2008, 15:50	#4 (permalink)
akshay1234 Senior - BHPian Join Date: Dec 2006 Location: Mumbai Posts: 3,015 View My Garage	this is probably for the old camry since theres no way the onroad price of the new one is 20l

21st March 2008, 18:47	#13 (permalink)
ajmat Team-BHP Moderator Join Date: Feb 2004 Location: Bangalore Posts: 5,257 View My Garage	I might add that the DRI keep checking on whether these cars are actually used for the purpose by sending decay enquiries __________________ I love the whoosh, but i miss the bellowing

21st March 2008, 19:13	#14 (permalink)
revvedup BHPian Join Date: Sep 2006 Location: Back to Delhi from Bangy Posts: 204	Actually its not necessary to use your car as a taxi. Provided that the car is used for the purpose of earning foreign currency ( which is eight times the duty saved on your car to be earned in 5 years). There are atleast 100 forms/procedures to go through before you can avail of this scheme, it is not as easy it looks. I remember autocar featured an article about this sometime ago. __________________ The journey is more important than the destination Living life@8500 RPM

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