Harley Davidson Import Duty India
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.
Harley davidson import duty india. US President Donald Trump may be on the verge of waging a trade war with India over high import duties on US goods like Harley-Davidson motorcycles but a top executive of the bike maker said the taxation structure in India has negligible impact on sales of fully imported bikes in the country. Harley Davinson had to change its strategie of. With the existing duties the market price of Harley-Davidson bikes is expected to range between Rs 6 lakh and Rs 14 lakh.
But why does Donald Trump refer to the Harley-Davidson every single time. 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. Harley-Davidsons Managing Director for India and China Peter Mackenzie told Carandbike that the cut in import duties will not have any significant impact because only a handful of Harley-Davidson models are fully imported.
US President Donald Trump on Tuesday slammed India for a high import tariff on Harley-Davidson motorcycle calling it unfair even as New Delhi slashed customs duty on imported. The recent change in duty will bring down the. The US President has repeatedly claimed that India imposes tremendously high tariffs on American products.
And with demanding local customers to would make commercial sense to make Harley Davidsons in India both for the local market and especially for exports. Trump too was evidently unhappy with the duty reduction and wanted the tariff to. This could result in all motorcycles imported to India as CBUs becoming cheaper if manufacturers pass on this duty cut to buyers.
The US government was upset by India raising import duties on certain items in its Budget for 2018-19 announced on February 1. 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. However Harley-Davidson was not happy with import duty on its CKD reduced merely from 75 to 50.
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. 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. The economical factors Problem High import duties Solutions The system of Tariff Rate Quota customs duties reduce for a determined number of imported bikes offered by the indian government not applied because it was not fair for the other company Organization of a hyped rally ride -.