There are many brand bikes sold in the country that are completely made from abroad. This is called the Complete Built Unit (CBU). Again, some bikes are not made up of the whole, but some are assembled in the country. These are called semi -knock down (SKD). The government has reduced the import tax imposed on all these CBU, SKD and Complete Knock Down or CKD bikes.
Yesterday, the center announced the budget. Basically, when foreign brands produce a bike from outside countries, in India, companies are forced to keep their prices high due to high import tariffs. But this time, it is thought that the price of the premium bike will start slowly as the import tariff is reduced.
How many import tariffs have been reduced?
For motorcycles with a capacity of 1 cc or less, the tariff on CBU has been reduced from 5% to 5%. The tariff on the SKD unit has been reduced from 20% to 20% and the tariff on the CKD unit has been reduced from 5% to 5%.
In the case of large motorcycles with more than 5 cc engine capacity, the tariff has been reduced. According to the budget documents, the tariff on CBU has been reduced from 5% to 5%. Where SKD units are reduced from 20% to 20% and CKD units to 5% to 5%.
On the other hand, tariffs on cars and other motor vehicles have also been reduced. However, it is unclear whether their effective tariff will change. Because the budget documents show the addition of the agricultural infrastructure and development sess (AIDC) component in these vehicles.
