Harley Davidson Import Duty India

It may be noted that this is his first trip to India.

Harley davidson import duty india. In FY2019 Harley Davidson sold 2676 motorcycles. First the US does charge a nominal import duty of 24 percent on the imported motorcycles. Currently the import duty on such completely built-up CBU units is 50 percent which was previously brought down from 100 percent and is now expected.

Now the import duty for all CBU import motorcycles has been rationalized to 50. The US President has repeatedly claimed that India imposes tremendously high tariffs on American products. Most motorcycle makers are likely to pass on the benefit to buyers.

It sells 17 Models in India. But the fact is that despite the tariff Harleys sales have grown by over 30 per cent in the past two years and Harley-Davidson dealerships have increased to 27 in 17 cities across India since the cult American brand started operations in India. Trump too was evidently unhappy with the duty reduction and wanted the tariff to.

The US government was upset by India raising import duties on certain items in its Budget for 2018-19 announced on February 1. The import duty on all completely built-upCBU motorcycles is currently at 50 per centwhich was at 100 per cent earlier and was reduced in 2019 by the Centre after a Trump-Modi telephonic conversationbut the US president criticised the import duty as still too high and not acceptable. Harley-Davidson Indias sales will not have any significant impact on the governments decision to cut import duties on fully imported motorcycles from 75 per cent to 50 per cent.

The recent change in duty will bring down the. Harley Davidson bikes attract 100 per cent import duty in India. This could result in all motorcycles imported to India as CBUs becoming cheaper if manufacturers pass on this duty cut to buyers.

So far the import duty on bikes with engine capacity of 800cc or less was 60 per cent and on bikes with capacity of 800cc or more was 75 per cent. And second the import duty being charged by the Indian government on imported vehicles both cars and motorcycles has now been reduced to 50 percent. On February 12 the Central Board of Excise and Customs issued a notification that slashed customs duties on imported luxury motorcycles of high-end brands including Harley-Davidson and Triumph.