Custom duty on old or new car

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 January 2011 Dear Sir

I have been living in Australia for 2 years. I want to brought back old or new car to India (1)If I want to gift to my brother new or used car (2)If I want to sell (3)If for my own personal use or my own taxi. Whether the duty includes insurance, freight etc.

thanx & regards

tarun goel

tarun goel (Expert)
Follow

09 January 2011 dear, if you are bringing in old & used car then you have to pay duty according to baggage Rules and if bringing in new car, then appropriate customs duty has to be paid. there is no bar in further selling the car if you have not paid concessional Customs duty under some conditions. if you pay customs duty at concessional rate and then transfer the car in another persons' name you will have to pay the duty along with interest and penalty.in my opinion there should not be any bar in using the imported car as taxi as you have to get the car registered under local DTO laws as are applicable.Yes, total duty has to be calculated after taking into insurance, freight etc. in the assessable value.

Querist : Anonymous

Querist : Anonymous (Querist)

10 January 2011 Dear Sir
Thank you for useful information, but
Could you let me know the rate of custom duty in bringing old or new car in different scenarios (1)If I want to gift to my brother new or used car (2)If I want to sell (3)If for my own personal use or my own taxi.
regards
Rakesh

Upgrade to CAclubindia Pro. Subscribe Now!

tarun goel

tarun goel (Expert)
Follow

10 January 2011 dear Rakesh ji,

i am not updated on rate of customs duty as of now. but i have replied your queries. you read the complete reply and you will get all your queries satisfied. however, i am trying to give you exact answer. keep in touch.

regards