VALUATION OF CAR & DUTY RATES
The value of the car is determined in the following manner:
i) Manufacturer's invoice value is accepted wherever such invoice is available.
ii) When no such invoice is available, value is determined on the basis of the world car catalogues available with the department or on the basis of manufacturer's price list, where ever available. Normal Trade Discounts are allowed to be deducted where ever the value is taken on the basis of World car catalogues.
iii) Value of Second hand car is arrived
at in the above manner after allowing the deductions for depreciation as
per the schedule below, subject to maximum of 70% :
The present rate of duty on import of Car is as below:
Total effective duty works out to 111.3085% which
includes the following.
The categories of eligible Importers specified in the Public Notice are as follows:-
A. Persons Coming To India For Permanent
Import of automobile is not permitted except against a licence or in accordance with a Public Notice issued in this behalf.
Import of Passenger cars and automobile vehicles may be made without a licence by the categories of eligible importers specified in the Public Notice subject to the following conditions:-
i) The payment for the vehicle is made abroad.
ii) The payment of the Customs duty is made in foreign exchange, unless exempted in the case of any particular category of importer.
iii) The conditions specified against each category of eligible importers in the Public Notice are fulfilled.
iv) The importers returning to India on permanent settlement, a declaration to that effect is given to the Customs at the time of the clearance of the Car.
Last update on: 6 July 1998.