I’ve a crony who is meddlesome in http://www.nexusscars.com, a japanese exporter of used cars. It seems there have been really great prices upon great condition cars. But i am unknowingly of a imports & duty. Please help.
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India levies a 200% taxation upon alien cars, generally those over a sure price, as if around Rs 40,00,000 (£53,000). This radically equates to that if we were to import a automobile that costed that much, we would have to an additional generous Rs 80,00,000 (£106,666), that brings a sum cost of a automobile to Rs 120,00,000 (£160,000). The many viable choice to do in this incident is not pierce in to a Indian automobile marketplace as an investment event unless we have been importing tall finish cars.