Budget 2025: Import responsibility on 1600cc motorcycles reduce, harley-davidson bikes may also get cheaper
Imported bikes together with those from America. manufacturers like harley-davidson may also soon end up inexpensive in india as the finances 2025, presented with the aid of finance minister nirmala sitharaman on saturday, february 1,2025, has diminished import responsibilities bikes with excessive engine potential.
The import obligation on motorcycles with engine capability of up to one,600 cc, which can be also imported as completely built-up (cbu) gadgets, has been slashed from 50 in line with cent to 40 in step with cent.
Bikes of yank bike manufacturer harley davidson are regarded for his or her motorcycles of high engine capability.
Aside from this, the import duty on semi-knocked down (skd) kits has additionally been reduced from 25 according to cent to 20 in step with cent, and for completely knocked down (ckd) devices, the tax is now 10 consistent with cent, compared to fifteen consistent with cent earlier.
This selection to cut down tariffs comes as us president Donald trump threatened reciprocal taxes on countries which levy excessive price lists on us items.
Trump had said in december ultimate year that india taxes excessively, adding, "if they tax us, we tax them the equal quantity".
India changed into also the largest trading partner of the usa during the last financial yr, in keeping with facts through the ministry of trade.
Apart from all of this, the harley-davidson tariff has additionally been a point of rivalry for several years among india and the us, with trump batting for its discount.
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