Imported Bikes To Get Cheaper As Govt Slashes Import Duty
Tuesday, February 13, 2018, 11:00 PM
Imported motorcycles are expected to become less expensive after the government slashed customs duty to 50%. So far, imported motorcycles with engine capacity of 800 cc or less used to attract 60% duty, while those with capacity of 800 cc or more attracted 75% duty. The CBEC, through a notification on February 12, has slashed the duty on both these variants of motorcycles.