Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Transport ministry removes roadblocks to import of foreign vehicles.


Date: 14-09-2018
Subject: Transport ministry removes roadblocks to import of foreign vehicles
NEW DELHI: With changed norms, automobile manufacturers or their representatives can now import foreign-made vehicles irrespective of their price and engine capacity.

The new norms notified by the road transport ministry though have some riders. Each company can import only up to 2,500 units annually of a car or a two-wheeler complying with internationally accepted standards. Companies are also allowed to import up to 500 other vehicles each such as buses and trucks. The imported vehicles will have to have “right-hand steering control” to meet Indian norms.

The current norms set by the director general of foreign trade (DGFT) allow homologation-free (without meeting local testing norms) import of four-wheelers valued upwards of $40,000 (Rs 28 lakh at the exchange rate of Rs 70) and two-wheelers of 800cc and beyond. Now these will be done away with. However, all these vehicles will attract import and other duties as applicable.

Notifying the norms for the registration of imported vehicles, the ministry has said those compliant with  standards set by the testing agencies in Europe, 

Japan and some other countries will be allowed to be registered in India. “The DGFT norm is based on the Central Motor Vehicles Rules so far as registration without local testing is concerned. So, the change in the rules will pave the way for liberal import norms,” said a ministry official.

Sources said this will open the scope for import of more models of electric vehicles for testing the appetite of the Indian market and help companies start manufacturing here. The decision will also pave the way for new product launches by car makers such as Nissan Toyota , Mercedes and BMW

Automobile lobby group SIAM refused to comment saying they would wait for the ministry’s official notification.

“We are not allowed to even import vehicles for research and testing in India if the present norms are not met. The new decision will come as a big boost for the automobile industry,” said a senior executive of an auto major, which has planned to import a couple of models to India.

The policy also allows import of vehicle components that comply with international standards.

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 06-09-2024
Notification No. 42/2024-Customs
Seeks to rescind Notification No. 26/2011-Customs, dated 01.03.2011

Date: 02-09-2024
Notification No. 22/2024-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to exempt export of ATF from the Special Additional Excise Duty when exported to Bhutan.

Date: 02-09-2024
Notification No. 23/2024-Central Excise
Seeks to amend No. 04/2022-Central Excise, dated the 1 30th June , 2022 to exempt export of Petrol and Diesel from the Special Additional Excise Duty when exported to Bhutan.

Date: 02-09-2024
Notification No. 24/2024-Central Excise
Seeks to amend No. 10/2022-Central Excise, dated the 30th June , 2022 to exempt export of Petrol and Diesel from the RIC when exported to Bhutan.

Date: 30-08-2024
Notification No. 21/2024-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.

Date: 30-08-2024
Notification No. 56 /2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 23-08-2024
Notification No. 55/2024 – Customs (N.T.)
Notification No. 55/2024-Customs (N.T.) dated 23.08.2024 to amend Notification no 77/2023 -Customs (N. T.) dated 20.10.2023 (to revise the AIR of duty drawback of gold and silver jewellery/articles)

Date: 16-08-2024
Notification No. 20/2024-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude

Date: 14-08-2024
Notification No. 54/2024-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 06-08-2024
NOTIFICATION No. 16/2024–Central Tax
Seeks to notify section 11 to 13 of Finance Act (No.1) 2024



Exim Guru Copyright © 1999-2024 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001