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Old 17th June 2018, 08:59   #76
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Default Re: Import duties on bikes revised, CBUs to cost less

Quote:
Originally Posted by Turbanator View Post
Customs duty on motorcycles with engine capacity over 800 cc will be raised up to 50 per cent[

Going by this news, it appears an increase in the duty from Imports from the USA. Certain models from Harley might get expensive. I don't think it's going to serve any purpose and given the past behaviour of Mr. President, this is not going to deter him. I won't be surprised if he instead retaliates in some other way and targets India elsewhere.

https://www.indiatimes.com/news/indi...ts-347547.html
This move by India is retaliatory move aimed at US increasing tariffs on Indian Steel and Aluminium and not the other way round. It is a two way street and if Trump wants reduction of import duties of Harleys then US has to reciprocate the same.

Quote:
Originally Posted by CrAzY dRiVeR View Post
Yet another change in policy this year.

With all the uncertainty thats been happening recently - I wonder how these companies are taking any sort of decisions at all!
News links below:

https://economictimes.indiatimes.com...w/63536961.cms

https://www.thehindubusinessline.com...le23606686.ece

https://timesofindia.indiatimes.com/...w/63819135.cms
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