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Premium ride to get cheaper

DNMUM407730 | 2/14/2018 | Author : DNA Money Correspondent | WC :518

Harley, Triumph to cost less as import duty on finished bikes of 800 cc and above cut to 50%

Mumbai: High-end bikes, including well-known global brands such as Harley Davidson and Triumph, are set to get cheaper as the government has slashed Customs duties on imported bikes to 50%.
Earlier, the basic Customs duty on import of finished motorcycles with engine capacities of 800cc and over 800cc was 60% and 75%, respectively.
Taking heed of the long-pending demand from the industry, the Central Board of Excise and Customs, through a notification on February 12, has slashed the duty on both these variants of motorcycles imported as completely built units (CBU) to 50%.
According to the notification, import duty on engine, gearbox, or transmission mechanism as a completely knocked down (CKD) kit in pre-assembled f
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