Readers Questions/Answers  Page Eight                                 

Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult professional immigration advisors or tax consultants depending on your personal situation. This website is a one person operation, Please spell check your questions as I normally just cut and paste questions from emails. Answers to most questions asked are usually posted within five days. Answers are posted on this website and no personal emails are sent.

 
Email questions to: V. K. Chand at: question@nriinformation.com   Answers are normally posted in three days.

Take used car to India

Q: Dear Sir,
I want to settle in India. I have a Ford Car 2006 model 2.0 L with me. I was using this for the past 3 years. What will be the customs charges for the car to take to India.

Kindly clarify Thanking you,

S.Muthukumar

A: The rate of duty works out to around 181% on cars. You should be able to claim depreciation on the used car to determine value.

Unless things have changed the depreciation allowed is For every quarter during 1st year 4%. For every quarter during 2nd year 3%  and for every quarter during 3rd year 2.5%

Take Motor Bike to India on Transfer of Residency

Q: Sir,

I purchased a Harley Davidson Bike – Softail Heritage Classic – 1584CC during June 2008 and wish to take it to India by end of this year. The Bike is in Qatar where I am employed and will be taking it on TR. Please advise the rate of Customs I will have to pay and also advise if you know some clearing agent at the JNPT – Mumbai for the customs clearance.

Best regards and have a nice day.
Raphy Joseph

A: Transfer of residency is allowed only after a stay of at least two years abroad. So make sure you meet the residency requirements.

Unless rules have changed the duty is around 120%.

I am unable to recommend any customs clearance agent in Mumbai. Customs brokers all over the world have affiliates who handle their work at different ports. Check the advertisements for customs brokers and shop around for someone you are comfortable with. There is also the option of having friends or family members in Mumbai contact a local broker on your behalf.

 

Q: Hi, Background: NRI now out of India for >2 years Have used car > 1 year use. Don't plan to return yet.

Question: Can I send car back under 0 duty NRI status?

Best regards  Advani

A: I don't think there is anything such as zero duty for NRIs. Unless NRIs transfer residence to India they can't send back cars to India.

 

 

Transfer Money to India

 

Q:how are you. i live in USA. what is best way to transfer the safe money in my India nri account. i mean international wire transfer, send cheque to bank. online wire transfer. i am USA citizen. i going to marry in Indian girl. she is India citizen. so how many year i can get my Indian citizen.
mike lusster

A: Bank to bank online transfer to your Indian account perhaps the safest. For Indian citizenship check 'Modes of Acquiring Indian Citizenship'

 

ICICI Bank Reputation

Q: hello how are you. i want open my nri account in icici bank. i never come to India long time. this bank reputation is good or not. i need to prove my USA income when i deposit the money in my Indian bank.

Raman Garg

A: ICICI bank has branches in USA and Canada also. I had an account with them in Canada that I closed and am not a fan of this bank. Do a search on the internet for problems with ICICI bank and then decide for yourself.

When you deposit money in banks located in the United States amounts over $10,000 require reporting to the tax authorities. Banks who suspect illegal source of funds are legally bound to report such transactions to authorities.

 

Take Furniture to India

 

 

Q: Sir,

I am a PIO card holder and own a flat in Mumbai. I would like to ship to Mumbai, some of my used household goods (furniture & appliances) to furnish this flat, since my family will be staying in it every time we visit India. I have purchase receipts for most of the goods. Would I be charged customs for used goods (from 3 - 10 years old) ? If yes, how do the Indian customs calculate how much duty I should be
charged? Any other relevant information would be greatly appreciated.

Thank you for your assistance!
C Crasto

 

A: Since you are not taking advantage of a transfer of residency the items you wish to take will require payment of customs duty (approx 35%)The value of the original price is reduced by yearly depreciation.

You will need a forwarder for sending your furniture and they will surely be able to tell you the exact duty. There are many aspects used to classify items for calculating customs duty. A good customs broker can save you a lot of problems and help classify the imported items at the lowest applicable rate saving you money.

Personally I would suggest you check out the prices of goods in India. The prices and quality of furniture in India is quite reasonable when compared to prices abroad.

Furthermore while old furniture may be appropriate, taking old appliances to India may eventually lead to maintenance problems due to unavailability of parts. Just a suggestion.

 

 

Booking Nano Car without Pan Card

 

Q: Dear Sir,
I want book a newly launched NANO CAR online through their website, and amount will be paid through online from my NRE Account with State Bank of Travancore will be 100,000 INR.

But it is required PAN card to by a car since I have an NRI status and amount will be paid from my NRE account, I do not have such card since I am working in abroad by limited salary, can I buy without PAN card.

Kindly advise.

Thanks with regards

K.M.Haris


A: In the absence of a Pan Card you need to submit 'Form 60' which is a declaration to be filed by a person who does not have a permanent account number. Here is a sample of Form 60.

For more information on Tata Nano booking check our page on how to buy Tata Nano Cars

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