Many people especially those who are cricketers, business tycoons, and celebrities mostly spotlighted for owning imported grandeur cars. Such cars are so fascinating that people spend plenty of money to import cars. Importing a car is a time-consuming process, but the one who wants his/her dream car to be lavishing and extraordinary they'll be all set to spend time and money by following the rules carried out by the said procedure. It is not only about the heavy price tag but also, the process also lengthy and a country has a set of rules and regulations in case of importing a car. So, the question arises, what do you need to do to get your dream car from a foreign country? Let's have a look at the procedure for importing a car.
In two ways you can import a car: either directly or through an agent. If importing a car directly from the manufacturer you need to prepare all the documents and follow the process by yourself only. On the other hand, if you get a car through an agent, he/she will help you to import the car to India and will help you till the car gets registered there. To import a car in India you need to prepare an Invoice for the vehicle, GATT Declaration, Test report, Import License, Bill of Lading or Sea Waybill, Bank Draft, Insurance policy, Purchase Order/Letter of Credit, and also some more documents.
The manufacturers and the dealers have higher margins in importing luxury cars. The profit margin of importing a car differs according to the model, price, and country. In addition to this, the importer also bears the cost of importing the car to India. You need to pay a multitude of taxes while importing a car and with these expenditures, people spend a lot more in addition to the original cost of the car.
That's all you need to know about importing a car in India. It involves plenty of money and time but if your heart wants what it wants, then just go ahead. But you should ensure that the process of importing a car should be done keeping the all rules and regulations in your mind.
In case, if you're not willing to spend so much of time and money but still want your vehicle to be feature loaded, which gives you a luxurious feel in less time and at an affordable price, visit AutoBest Emperio. ABE brings you the most lavishing and luxurious collection of pre-owned/Second-hand cars with the best deals.
Read more:
The 10 Best Foreign Cars Manufactured In India
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