Hi
Anyone know the rules and restrictions of importing a motorbike from abroad?
it will be for an expat.. who will be living in India on business..
Anyone who can share some info on this??
Thnx
Importing Motorbike
Started by
Spice Odyssey
, May 27 2009 11:56 AM
1 reply to this topic
#1
Posted 27 May 2009 - 11:56 AM
#2
Posted 27 May 2009 - 06:37 PM
A person can import one motorcycle on transfer of residence to India providing that the passenger meets the following criteria:
(1) Minimum stay of two years abroad, immediately preceding the date of his arrival on transfer of residence
(2) Total stay in India on short visits during the 2 preceding years should not exceed 6 months, and
(3) Passenger has not availed this concession in the preceding three years.
Here is my advice based on personal experience
On an older vehicle duty is subject to a maximum depreciation of 70%
Cost is arrived at by taking value of the new vehicle in its year of manufacture and then allowing depreciation at following rates.
(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%
I was charged 300% of an independent valuation (that I had to pay Rs.15000 to have carried out without my knowledge or approval)
(1) Minimum stay of two years abroad, immediately preceding the date of his arrival on transfer of residence
(2) Total stay in India on short visits during the 2 preceding years should not exceed 6 months, and
(3) Passenger has not availed this concession in the preceding three years.
Here is my advice based on personal experience
- Have your Resident's Permit in place before the ship arrives in India
- Do not arrive in India more than 30 days before your vehicle arrives
- Do not send the bike on any vessel owned or operated by The Shipping Corporation of India Limited (A Government of India Enterprise).
- Bring it in through the Port of Mumbai
- Make sure that the bill of lading shows only the motorcycle, and no other items.
- Make sure that you have all the original documentation belonging to the bike from new.
- If it is an older model, make sure that you have documentary evidence of its current value
On an older vehicle duty is subject to a maximum depreciation of 70%
Cost is arrived at by taking value of the new vehicle in its year of manufacture and then allowing depreciation at following rates.
(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%
I was charged 300% of an independent valuation (that I had to pay Rs.15000 to have carried out without my knowledge or approval)
- Make sure that the engine number, chassis number, etc. match exactly the original documentation
- Be prepared to wait months
- Be prepared to pay highly
- Most of all - love you vehicle!
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