Team-BHP - Advice reqd. for a NRI (Transfer of Residence)

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- - Advice reqd. for a NRI (Transfer of Residence) (https://www.team-bhp.com/forum/superbikes-imports/29846-advice-reqd-nri-transfer-residence.html)

Quote:

Originally Posted by kans (Post 590315)

Hi all

I am living in Australia, and planning to settle back in INDIA in next 2 years. I used to drive Suzuki SAMURAI during 1997 …

I loved my Bike rides and miss it a lot

I have some basic questions

I am aware that Indian market got 220cc bikes (Pulsar) but I am not happy with the look of the bike (Its not macho) I am looking for a bike that is macho (similar to Honda CBR929 Fireblade 2000)
BOY IN INDIA YOU CAN GET A KIT TO MAKE YOUR 220 OR EVEN YOUR SAMURAI TO LOOK LIKE WHATEVER YOU FANTASIZE TO HAVE AS YOUR BIKE. (COST 50k) FEELS LOOKS 929 POWER GOOD ENOUGH FOR A NRI WHEN U WILL RIDE ON DESI ROADS.

The bike is purely for Fun riding (may be weekend riding)
I am hopeless when it comes to servicing the bikes… So when it comes to servicing all I can do is to take it to service centre.. So need a bike that can be serviced without much fuss
SINCE U R HOPELESS WHEN IT COMES TO SERVICING A BIKE YOUR BEST BET IN THIS CASE IS PULSAR OR ZMA.

I will be moving back to Chennai …

My Budget is 2.5 – 3 Lakhs (A$ 8000),inclusive of Tax to get into India
BETTER IS THAT U LOOK FOR A 400 IN INDIA WITH THAT BUDGET. AS GETTING A BIKE FROM OVERSEAS WILL COST YOU MUCH MUCH MORE THAN YOU CAN THINK (IF) YOU DONT HAVE THE RIGHT CONTACTS. CLEARING DUDES??

I am looking at experts to help me in deciding the bike that may fit into above list

How hard is it in Customs to clear the bike ( I think for used bike its 80% tax but is it true even if I claim “Transfer of Residence”) ??
TR HAS ITS OWN RULES WHEN U ACTUALLY GET THE BIKE AND HOW GOOD YOU CAN NEGOTIATE WITH THE CUSTOMS. BOL BACCHHAN. AND U CAN CHECK THE CUSTOMS WEB SITE FOR MORE DETAILS.
CLEARANCE OF INCOMING PASSENGERS

Your help is highly appreciated please:

rest of info on imports you can use search on the forum to get more info.

You are moving after 2 years from now ? , then for time being forget it .
Bcos we will be seen big bikes off the self in another 6months (hope so) .I am sure in another 2 years we can buy a super bike right here in INDIA.
Buy something there big ,ride it ,sell it and pick up something new here itself.

OT: If you're in Australia and an avid bike enthusiast, u should contact and meet this group of Indians who would be touring the whole of Australia for about 3 months begining November' 07.
For more details visit xBhp.com's The Great Australian Roadtrip

Thanks Guys...

Black12rr

So do we expect new big babes on indian roads soon >>

Yes i will check XBHP Guys out in the australian trip

Quote:

Originally Posted by kans (Post 590828)

Thanks Guys...

Black12rr

So do we expect new big babes on indian roads soon >>

Yes i will check XBHP Guys out in the australian trip

the arrival of the bikes have been announced but we have to wait and see if the companies stick to their time frames mentioned. they are the 1000cc bikes that are going to be sold here in india.
you could also consider buying a second hand bike here instead of bringing a bike from australia. you would end up spending alot to clear the bike and it would make more sense to buy one here.

Hi,

The process and cost of getting a bike cleared is as follows:

1) Make sure that you have owned the bike for atleast one year before you get it. If the bike is of a later model year than the year that it was initially registered in, make sure that you have a paper trail - makes a significant difference in duty if you get one additional year or depreciaiton

2) Get hold of a clearing agent that will do the running around and bribing of the customs folks. In case of TR you will have one of these guys to clear your container anyway. Try to get this guy before you ship your container as you can avoid about 5-10k of fine/penalty if they intimate the customs dept in advance. This agent is bound to charge 40-50k as this covers all the palm greasing that needs to be done to release the bike

3) The appraising officer in customs use the black book - (in the lines of blue book that gives residual value of vehicles). The black book has the manufacturer quoted MSRP of all motorcycles sold in the USA for the last 15 years.
They apply a trade discount of 15% to the MSRP. This number is then depreciated using the following table:
(i) For every quarter during 1st year - 4%
(ii) For every quarter during 2nd year - 3%
(iii) For every quarter during 3rd year - 2.5%
(iv) For every quarter during 4th year - and thereafter 2%
subject to a maximum depreciation of 70%

This translates to
Year 1 - 16%
Year 2 - 12%
Year 3 - 10%
Year 4 - 08%
Year 5 - 08%
Year 6 - 08%
Year 7 - 08%
Year 8 onwards - 00%
My 2002 Honda CB919 had an MSRP of $7999 in 2002.

Residual Value
MSRP in 2002 7999 7999.00
Trade Discount % 15% 1199.85 6799.15
Year 1 16% 1087.864 5711.29
Year 2 12% 815.898 4895.39
Year 3 10% 679.915 4215.47
Year 4 8% 543.932 3671.54
Year 5 8% 543.932 3127.61
Year 6 8% 543.932 2583.68

Final Residual Value 2583.68
Final Appraised Value = 101% of Final Residual Value 2609.51
Shipping and Insurance Cost 180.15
Total Dutiable value 2789.67
Duty @ 149% 149% 4156.604292
Duty in INR @ 40.5 INR/$ 168342.4738

Hope this Helps..

Thats Quite helpfull ...Thanks a lot .. After going through the advice i recived i think i will still on to COMET from Kinetic (the bike looks good and have a 27 BHP..Man i think thats good enough for me ...

BTW what is ZMA ???

Comet was a limted stocks motorcycle, and kinetic ran has sold its stock a long time ago, you could get a used one though.
ZMA = Hero Honda kariZMA, makes me thing you're alien to the two wheler scene here.

manson.

Quote:

Originally Posted by prabhuav (Post 592383)

Final Residual Value 2583.68
Final Appraised Value = 101% of Final Residual Value 2609.51
Shipping and Insurance Cost 180.15
Total Dutiable value 2789.67
Duty @ 149% 149% 4156.604292
Duty in INR @ 40.5 INR/$ 168342.4738

Hope this Helps..

This is great info. Myself planning to pickup a bike for my R-2-I.

Looks like you really got a great deal on shipping cost. What I am wondering is...how much would an identical '92 919 cost if you bought it in India. (if you can find one that is)

Mpower, there was no 919 in 92, the 9191 came in sometime in the late 90s, it was the 900 rr in 1993 with two round headlamps (like the 400rr).
Anyways, a 900 rr, 93-94 spec would be around 3L in India, and a 919 97-98-99 spec would be around 4L

manson.

Quote:

Originally Posted by Mpower (Post 593661)

The shipping cost is cheap as I got a full container and the bike was a small part of it..

The bike is a 2002 CB919.. As far as I know not available in India as it is a US market bike..

The bike is a 2002 CB919..

prabhuav,

Under TR, are we able to clear customs for the bike in Bangalore? My shipping agent here (sky2c) says it can be done only in Mumbai, Chennai or Kolkatta.

Quote:

Originally Posted by prabhuav (Post 592383)

Hi,

The process and cost of getting a bike cleared is as follows:
Hope this Helps..

Since my time is almost around the corner, I wanted to see what I can bring. What exactly can you do for TR? Do you still have to pay duty, if so is it less and whats really the benefit.

Thanks

Based on this site, there doesnt seem to be any duty for cars, is this true, if so then I will have something major planned for my car before bringing it down.

Anyone who has taken TR?