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Thread: Is carnet deposit required for legal SBK

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    Default Is carnet deposit required for legal SBK

    I understand that for getting a carnet (visa for a bike), one needs to deposit ~4 times the bike value with the authorities - this is to prevent sale of bike in other countries (illegal immigration )

    I just need to know that if I buy a SBK (MT01, R1 etc) in India from authorised dealers (inlcudes paying custom duty), will the carnet deposit be same or will it be lower or nil as I am already paying premium over what the bike cost in other countires (most others atleast)?

    Thanks in advance.

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    Phew! What a question. I had to go through it thrice to understand it!!!

    Approved!!!
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    Quote Originally Posted by Justme View Post
    I understand that for getting a carnet (visa for a bike), one needs to deposit ~4 times the bike value with the authorities - this is to prevent sale of bike in other countries (illegal immigration )

    I just need to know that if I buy a SBK (MT01, R1 etc) in India from authorised dealers (inlcudes paying custom duty), will the carnet deposit be same or will it be lower or nil as I am already paying premium over what the bike cost in other countires (most others atleast)?

    Thanks in advance.
    hmm why do you want to buy a bike that is going to be expensive in india rather than buying it when you are abroad.
    |NO WHEELS|

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    No, a Carnet is not required for legally available SBK's in India unless you are taking it out of India. I have been toying around with the idea of a India sub-continent tour for sometime now, so naturally I had to go through the ATA carnet information. A few bits:

    1) The ATA carnet is a temporary import permit used for a variety of things, from automobiles to expensive shooting equipment. This is normally valid one year from day of import.

    2) Bike sold by Brands in India are imported through a regular license, so the question of ATA carnet does not arise. This is only required when: 1) You are getting your bike from another country into India for less than a year. In this case, you have to deposit maximum applicable import duty in India+additional 10%. The same goes if you want to ride your Indian bike out of India. Then the deposit rate will go down since the rates of import duties in other countries are lower than India.

    3) FICCI is the only body in India which issues an ATA Carnet.


    Hope this answers your question - let me know if you need any more queries.
    Last edited by bluevolt; 10-22-2009 at 09:04 PM.

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