How much to import from US?

Prelude2000 · 2nd December 2006, 21:13

Simple guys, it's winder here in US; lots of bike are being repo; now on sale for dealer; my friend a dealer, can get 2003 suzuki 600 for around 3500 USD; nearly 1.5 lakhs or less with small damage to fenders;

is it possible to import to india? how much? any suggestion on import brokers in Mumbai?

Thanks

rpanicker · 3rd December 2006, 11:21

Based on personal experience, I'd strongly suggest - Forget It. It's better to buy one through a dealer here. First of all you can only import it under a Transfer of Residence. You also should have owned it for a minimum of 1 year before the date of shipment. Then comes the horrendous duty - close to 120% on the depreciated value. They estimate the original price based on KBB or similar. Then for every quarter from manufacturing date they depreciate by a certain percentage to a maximum of 70%. Thus, to claim the maximum percentage the bike should be 7 years old! Then comes the shipping, handling, agent charges and if you end up with the wrong officials....

I really don't know how the latest bikes end up here and the price quoted is much lower than the above official rates but enjoy it while it lasts.

babe_on_wheels · 3rd December 2006, 14:31

Quote:

Originally Posted by rpanicker

Then comes the horrendous duty - close to 120% on the depreciated value.

seriously not worth that much..u might as well catch hold of a broker here and get some setting done...but still the duty is pretty heavy.....

2nd December 2006, 21:13	#1
Prelude2000 Newbie Join Date: Nov 2006 Location: Atlanta Posts: 3 Thanked: 0 Times	How much to import from US? Simple guys, it's winder here in US; lots of bike are being repo; now on sale for dealer; my friend a dealer, can get 2003 suzuki 600 for around 3500 USD; nearly 1.5 lakhs or less with small damage to fenders; is it possible to import to india? how much? any suggestion on import brokers in Mumbai? Thanks
	() Thanks

3rd December 2006, 11:21	#2
rpanicker BHPian Join Date: Oct 2006 Location: Mumbai Posts: 34 Thanked: 0 Times	Importing a bike Based on personal experience, I'd strongly suggest - Forget It. It's better to buy one through a dealer here. First of all you can only import it under a Transfer of Residence. You also should have owned it for a minimum of 1 year before the date of shipment. Then comes the horrendous duty - close to 120% on the depreciated value. They estimate the original price based on KBB or similar. Then for every quarter from manufacturing date they depreciate by a certain percentage to a maximum of 70%. Thus, to claim the maximum percentage the bike should be 7 years old! Then comes the shipping, handling, agent charges and if you end up with the wrong officials.... I really don't know how the latest bikes end up here and the price quoted is much lower than the above official rates but enjoy it while it lasts.
	() Thanks