Import duty free on luxury cars: Buying luxury cars like Rolls Royce, Jaguar Land Rover, McLaren and Bentley is not a matter of everyone. But now people can buy this car cheaply, you are getting many offers with these cars. Let us know that at their price, you are getting a discount of up to Rs 80-90 lakh. This is because there has been a free trade agreement between India and Britain. This means that it will be easy to import cars in Britain to India. Very little tax will be charged on these cars.
Only 10 percent will have to be taxed
All the cars in India come from Britain are taxed 100 percent. Due to which the price of the car doubles, now this tax has been reduced greatly. Import tax has been reduced to only 10 percent, such as the price of a luxury car is Rs 2 crore. So after FTA, its price will be Rs 1 crore 10 lakh. Due to which people will get the benefit of up to Rs 90 lakh, along with the reduced import duty, the sale of luxury cars will increase in the country.
Car companies will get benefit
Lowering tax will not only benefit Britain’s car companies but also companies like Tata, Mahindra. Because she will easily make her place in Britain markets. Due to the good rating of these companies, they will get easily entry there, these companies will be able to sell their electric vehicles in Britain at a good price.
This car will take entry in India
India has reduced the tax rate on vehicles to the cars importing as a complete built unit. After all this, it will be very easy to bring trains of Rolls Royce, Bentley, Jaguar Land Rover, Lotus, Eston Martin and McLaren to India. Also, the price of these cars will be halved.
