New York, Michigan, California, Florida, Illinois, New Jersey, Texas, Virginia, Pennsylvania, Georgia, Maryland
Country: United States
The rules and regulations in India regarding the import of non-commercial vehicles are rather strict. To give you an example, all new foreign cars can only be imported through the customs port present in Mumbai, Chennai or Kolkata, while used foreign vehicles can only be imported through Mumbai. Thus, you can already get an idea that importing cars to India by NRI is not a walk in the park. In the event that you are planning to move back to India permanently, then you can avail the transfer of residence scheme to save money on customs duty. In order to help you out, we have gathered a guide to help you understand the custom duty on imported cars in India and other applicable import duty on cars in India.
Here are the basic rules laid down by the government regarding the kind of used cars that can be imported to India. These rules generally tend to apply without exceptions, so make sure that the used car you are planning to import will comply with all these rules:
The government has the following rules for importing a new car to India:
NRIs who are returning to India after a stay abroad may avail the “transfer of residence” for permanent settlement. Under this, you are allowed to import one car or motorcycle (new or used), provided your situation meets the following criteria:
If you are planning to avail this facility, then here is what you should know about the customs rules.
Now that you have an idea about the custom duty on used imported cars in India and the import duty on cars in India, you have already won half the battle. Your import duties will vary, depending on whether you are importing a used car or a new car. Your custom duty will also vary depending on whether you are transferring your residence to India or whether you just want to bring your foreign car to India. Whatever your situation may be, we hope we have helped clarify the rules and regulations regarding importing cars to India by NRI. In case you face further doubts or have any queries, please leave us a comment in the section below, and we will get back to you.
Q: What is the processing time of OCI in India?
A: Processing time if all documents are in order can be four weeks, however several factors have to be considered, such as volume of applications etc and sometimes it can take up to 12 weeks.
Q: What is the procedure for lost OCI card and would i need to get a new one made filling in all the papers also paying the fees again or request foe another one?
A: OCI is a lifelong visa for India that is pasted on your passport by the concerned Indian consulate where one applies for OCI. There is no OCI card. A small passport size booklet is also provided to...
Q: Do OCI holders have to reside 182 days in India to obtain a Aadhar card or are they exempted from this requirement?
A: Non-resident Indians (NRIs) and Overseas Citizen of India (OCI) cardholders must stay in India for over 182 days, in 12 months immediately preceding the date of application for enrolment, and have...
Q: What is an OCB(Overseas Corporate Body)?
A: OCBs as the name suggests are corporate bodies, businesses, charities, trusts, or any other body which is owned to an extent of atleast 60% by persons of Indian origin residing outside of India....
Q: Can resident Power of Attorney holder operate on the NRE accounts
A: Yes, but only for local payments to be made on behalf of the account holder. In cases where the account holder or a bank designated by him has been granted permission by Reserve Bank to make...
Q: Can an NRI grant a power of attorney to a resident of India
A: An NRI is free to grant Power of Attorney to a Resident. However, such Power of Attorney is restrictive. The Power of Attorney holder can do local operations and give deposit renewal instructions....
Q: Can an NRI vote in the Indian Government elections
A: As of now, India does not have an absentee ballot system. Section 19 of The Representation of the People Act (RPA)-1950 allows a person to register to vote if he or she is above 18 years of age and...
Q: Can a citizen of another country, use his PIO status to gain dual citizenship?
A: A bill was passed to grant dual citizenship to PIOs on 22nd December 2003. The bill received the approval of the president on January 7, 2004. This will help grant to PIOs of full age and their...
Business and Finance
Immigration & Visa
Return to India
Indian American Manisha Singh sworn in as Assistant Secretary of State
- Economic Times
2 Indian-origin women lawmakers inducted into Ontario Cabinet - Economic Times
US naturalisation rates increase high among Indians: Study - Times of India
TechTech industry urges Trump administration to keep work permits for H-1B spouses - Economic Times
In a first, Sikh-American appointed New Jersey's AG - Economic Times
How To Apply OCI From India
Procedure For Import Of Gold In India
Difference Between OCI And PIO
GST Registration Process For NRI
How To Invest in Share Market in India
How to Get Aadhar Card for NRI
How To Renew Indian Passport In USA
5 Most Famous Hindu Temples in USA
OCI Tax Implications
How To Apply PAN Card for NRI
Dance pe Chance
, New Jersey
2018-01-27 To 2018-01-27
Rang Barse Holi Rain Dance 2018
2018-03-24 To 2018-03-24
Saraswati Puja 2018
Atul Khatri Live Show
Atul Khatri Live Bay Area
2018-02-24 To 2018-02-24
Gaye Jaa Muskuraye Jaa
2018-04-15 To 2018-04-15
Disclaimer - The content on this site is for informational purposes only.
Copyright © 2018 Videshi.com
Please login to make this action
You can save this page with current page title or you can create new page title.