How much does it cost to import a car to India?

You may need to pay approximately 165\% of the car’s cost, car insurance, and freight (CIF) value as import duty. You may need to pay approximately 116\% of the bike’s cost, insurance, and freight (CIF) value as import duty. The vehicle needs to be registered in India at the nearest RTO.

How much does it cost to ship a car to India?

Typical Shipping Prices – How Much Does It Cost? From the U.S., it usually costs from $2,200 to $5,600 to ship a car to India. Most cars transported to the area come by way of a shipping container, which can accommodate most standard cars.

How much do you pay for customs in India?

“Basic customs duty is 10\% on majority of the products. It’s levied on the CIF (cost, insurance and freight) value. If you are purchasing something online, the CIF value will be mostly put up by the courier company; their cost generally includes insurance, too,” said Bipin Sapra, tax partner, EY.

How much does it cost to import to India?

The rate is 10\% of the value of goods. GST is applicable on all imports into India in the form of levy of IGST. IGST is levied on the value of imported goods + any customs duty chargeable on the goods.

How can I send my car to India?

Key Documents to Have When Shipping a Car to India

1. A customs clearing permit or Import license.
2. An active insurance policy.
3. The vehicle’s date of purchase and car keys.
4. The vehicle owner’s passport (with at least two years of residence abroad)
5. The car registration.
6. The original invoice from the manufacturer.

Can we bring car from USA to India?

The car can only be imported if you are transferring residence into India and the engine capacity is less than 1600 cc (for new cars), there is no cc limit for old and used cars, in your possession for more than one year.

Can I import Mustang in India?

Ford India today launched the iconic ‘American’ muscle car Mustang in India. While the basic custom duty for imported CBU of passenger cars, jeep or multi utility vehicles is 60\%, there could also be an additional custom duty of 32\% and special additional duty of 4\%. The total custom duty is at 119.65\%.

How can I import a foreign car to India?

Such as, new foreign cars can be imported only through the Indian customs ports in Kolkata, Chennai, and Mumbai (Nhava Sheva). Used Foreign vehicles can be transported in only through the Indian taxes port in Mumbai.

How much is the customs duty on imported cars in India?

Customs duty for imported cars in India It is applicable for both new and used cars. It is so high that you can buy a car for that price in India. For most cars, it will come to 50-75\% of the original cost of the vehicle and the customs duty for luxury cars are more than for normal cars.

What is the age limit to import a car in India?

– The car should be more than 3 years old from the date of manufacture. Here the vehicle can be imported only from the customs port at Mumbai. The main drawback of importing a used car is that you cannot sell the car for 2 years from the date of import.

Can NRIs import cars to India?

Foreign nationals and non-resident Indians (NRIs) moving to India on a “transfer of residence” for permanent settlement are allowed to import one car or motorcycle (new or used) under the following conditions: The vehicle owner has resided abroad for at least two years and will stay in India for at least one year