I am residing in Japan for the last seven months and intend to import a used car of 1600cc or 1800cc under Baggage Scheme. What allowance are applicable to my car ?
Ans: Old and used vehicles not more than two years old upto 1800cc imported under Personal Baggage Scheme are not entitled for any depreciation in value as per clause 2(a) of CGO 4/93 dated 07-07-1993. However, the depreciation in value is admissible to more than two years old vehicles of upto 1800cc if imported under Transfer of Residence Scheme vide Appendix-G of Import Trade and Procedure Order, 2000.