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% tax on imported cars, especially those over a certain price, presumably around Rs 40,00,000 (£53,000). This essentially means that if you were to import a car that costed that much, you would have to an extra exuberant Rs 80,00,000 (£106,666), which brings the total price of the car to Rs 120,00,000 (£160,000). The most viable option to do in this situation is not move into the Indian car market as an investment opportunity unless you are importing high end cars.