Hello,
I am currently visiting US and I was checking out some bikes. Trek 4500D 2013 model is on sale at $400(INR 25000), I checked the same model (maybe 2014 model) in BOTS website which is around INR 54,000+ . The price difference is 30K. I am fine with 2013 model however I would like to know,
Do I have to pay any tax or import duty and how much at airport while bringing back to India? When I was leaving India I had a chat with a custom officer (I din't ask specifically about cycle), he mentioned that any item value crossing over 35k will attract import duty. Now I was kinda in hurry so I couldn't clarify my doubts. How would they valuation works? Will they go by the receipt which would be $400* and multiplied by INR 62 (=25K) or they will compare the cost of same bike which is sold by stores in India (54K). If anyone having experience or idea please share your views/ opinions.
I would have talk with Qatar Airways if there is any extra baggage fare on bikes (oversize luggage), if yes how much it would be.
Happy Biking,
Thanks,
SM