IMPORT CARS (SEDANS / SUVs) AT 0% OR 3% IMPORT DUTY
Eligibility: Service Providers such as hotels, travel agents, tour operators or tour transport operators and companies owning/operating golf resorts
Entitlement: 0% or 3% import duty based on export obligation (export of services) equivalent to 6 times or 8 times the duty saved in 6 yrs or 8 yrs respectively.
Requirement: Total Foreign Exchange Earnings (FEE) of atleast Rs 1.5 Crores in past three licensing years.
An example to show net savings;
|
Details |
Import of Car without EPCG |
Import of Car with EPCG |
|
Invoice price (JNPT Mumbai) approx |
INR 40,00,000 |
INR 40,00,000 |
|
Total Duty approx |
110% |
0% or 3% |
|
Total Duty Amount |
INR 44,00,000 |
NIL or INR 1,20,000 |
|
Total Price |
INR 84,00,000 |
INR 40,00,000 or |
|
Duty amount saved |
INR 44,00,000/- or INR 42,80,000/- |
|
|
* Invoice prices are approx. high seas prices. Total price doesn't include landing charges, registration, insurance costs etc |
||
Import of motor cars, sports utility vehicles/all purpose vehicles is allowed only to hotels, travel agents, tour operators or tour transport operators and companies owning/operating golf resorts, subject to terms and conditions.
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*All above subject to EXIM policy in force