Quote:
Originally Posted by Samarth 619
Ok, Since your model is 2nd hand, the custom duties would be 144% ..
BUT, the good news is that your Bike's Depreciated Value will be considered!
CHIEF COMMISSIONER OF CUSTOMS (PREVENTIVE) MUMBAI ZONE - III
At 1999 model, you have 10 years depreciation ... your depreciation turns out to be 86%!
and your tax = Bike's Purchase Price X 14% X 144%. I recommend you bring it here, then you can sell it too ... |
Thanks. It turns out (I used a value of $10,000 for the original price) to be $2,000. About Rs 1 lakh. I will have to add shipping and other stuff.
Since I am low on cash, I will have to sell it. I am getting about $2,500 easily here. which is about Rs. 1.25 lakhs. Add a duty of Rs 1 lakh = Rs 2.25 lakh. Can I sell it for Rs 4 lakh in India? I do not think so.
