xBhp.com : The Global Indian Biking Community - View Single Post - Importing a Superbike in India (Grey Import)

manson · 10-17-2008, 09:04 PM

Vishdes, firstly you will have to own the bke for a minimum period of one year before you bring it down.
You will get a depreciation of 10% for each year, maximum depreciation being 70%.
For example if you buy a 2008 bike for say 10000 usd, and bring it down in 2010,k you will get a depreciation benefit of 20% being 2000.
So the import duty that will be charged will be applicable to 8000 USD.
If you need finer details, just ask, and i mostly should be able to answer most of it as i know two people who have brought down bikes after their stay in the US.

10-17-2008, 09:04 PM	#5 (permalink)
manson gixxer thrasher Join Date: Nov 2004 Location: Bombay, India. Posts: 213	Vishdes, firstly you will have to own the bke for a minimum period of one year before you bring it down. You will get a depreciation of 10% for each year, maximum depreciation being 70%. For example if you buy a 2008 bike for say 10000 usd, and bring it down in 2010,k you will get a depreciation benefit of 20% being 2000. So the import duty that will be charged will be applicable to 8000 USD. If you need finer details, just ask, and i mostly should be able to answer most of it as i know two people who have brought down bikes after their stay in the US. __________________ CBR 954 RR Yoshimura TRS - Ohlins - Power Commander - EBC - Stomp Grip - Sportech - Shock Racing - Harris - Motografix