Import of foreign car without import duty

[Suvarna Kumar]

We are 100% EOU with annual turn over 45 crorer.Our Managing director need to pick up foreign buyer from Air port and attending main buyers meeting and company offical use- Can we import a foreign CAR with out import duty ?

AI Summary

Company's Bid to Import Car Duty-Free Denied; Cars Not Eligible Under Para 6.5.1 of Handbook 2009-2014. A company operating as a 100% Export Oriented Unit (EOU) with a turnover of 45 crore inquired about importing a foreign car without paying import duty, intending to use it for official purposes, such as transporting foreign buyers. Responses indicated that a car cannot be classified as capital goods or inputs for EOU operations, thus not eligible for duty-free import. Reference was made to para 6.5.1 of the Handbook of Procedures 2009-2014, confirming that cars are not listed as eligible items for duty-free import.