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

Zero duty on imported cars ended.


Date: 19-04-2013
Subject: Zero duty on imported cars ended
Those operating in the tourism sector such as hotels, tour operators and travel agents will no longer be allowed to import high-end motor cars, sports utility vehicles (SUVs) and all purpose vehicles under the zero-duty export promotion capital goods (EPCG) scheme.

Under this scheme, vehicles were imported at substantially lower rate of up to 5 per cent against about 100 per cent impost on general imports. The scheme has been discontinued following allegations of misuse by duty evaders.

“The import of motor cars, SUVs, all-purpose vehicles for hotels, travel agents and tour transport operators and companies owning/operating golf resorts will not be allowed under the new zero-duty EPCG scheme,” said the annual foreign trade policy document.

This may come as a big blow to the tourism sector as the cost of importing vehicles will shoot up significantly.

Last month, CBI said it has unearthed a car scam in Chennai in which the scheme was being misused. CBI had seized about 50 cars in raids across Tamil Nadu. The CBI had raided the residences of several officials and car importer Alex Joseph. The name of DMK’s political heir MK Stalin had also come up for his imported luxury SUV Hummer.

However, hotels, travel agents, tour operators and other businesses operating in the tourism sector will be allowed to import cars and SUVs using served from India scheme after paying duty. However, such vehicles will have to be registered for tourist purposes only within a period of six months.

It has also been decided to add two more ports in the list of designated ports to import cars and vehicles. “Now import of cars/vehicles would also be allowed at ICD Faridabad and Ennore Port (Tamil Nadu),” said the foreign trade policy document.


Source: mydigitalfc.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
1
+
9


What is New?

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.

Date: 30-04-2025
Notification No. 28/2025-Customs
Seeks to amend Notification no. 27/2011-customs dated 1 st March, 2011 and Notification No. 22/2024-Customs, dated 2 nd April, 2024 to align them with the changes made in the Second Schedule to the Customs Tariff Act.

Date: 30-04-2025
Notification No. 33/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 28-04-2025
Notification No. 24/2025-Customs
Seeks to amend List 34A and 34B of the Notification No. 50/2017-Customs dated 30.06.2017

Date: 24-04-2025
Notification No.31/2025-Customs (N.T.)
Goods Imported (Conditions of Transshipment) Regulations, 2025

Date: 23-04-2025
Notification No. 28/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 17-04-2025
Notification No. 26/2025 – Customs (N.T.)
Amendment to Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 - Revision of rate of duty drawback of Gold jewellery and silver jewellery/articles



Exim Guru Copyright © 1999-2025 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