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Imported Bikes To Get Cheaper As Govt Slashes Import Duty

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.
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