ANTIQUE CAR REGULATIONS
Antique Car Regulations, U.S. citizens employed abroad or government employees returning on TDY or voluntary leave may import a foreign-made car free of duty provided they enter the United States for a short visit, claim nonresident status, and export the vehicle when they leave. Military and civilian employees of the U.S. government returning at the end of an assignment to extended duty outside U.S. Customs and Border Protection (CBP) territory of the United States may include a conforming vehicle among their duty-free personal and household effects. The vehicle must have been purchased abroad and be in its owner’s possession prior to departure. Generally, extended duty is 140 days or more. Navy personnel serving aboard a U.S. naval vessel or a supporting naval vessel from its departure from the United States to its return after an intended overseas deployment of 120 days or more are entitled to the extended-duty exemption. Conforming vehicles imported under the duty-free exemption are dutiable if sold within one year of importation. Duty must be paid at the most convenient CBP office before the sale is completed.
Conforming vehicles so imported may remain in the United States indefinitely once a formal entry is made for Environmental Protection Agency (EPA) purposes. Nonresidents may import a vehicle duty-free for personal use up to (1) one year if the vehicle is imported in conjunction with the owner’s arrival. Vehicles imported under this provision that do not conform to U.S. safety and emission standards must be exported within one year and may not be sold in the United States. There is no exemption or extension of the export requirements.
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HOW TO CALCULATE CUSTOMS DUTY IN INDIA ON USED ITEMS
In case a person knows the rate of duty for a particular item, it’s easy to calculate the duty that will be charged. However, for used items, the value is determined by allowing depreciation on a yearly basis.
First year depreciation
Second year depreciation
Third-year depreciation
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circumstances, duty may be required by Indian Customs Authorities. Generally, electronic
items and TV’s are subject to duty.
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