At the beginning of May India and the United Kingdom have announced a Free Trade Agreement (FTA), bringing a wave of happiness among luxury car buyers.
This is a great news amongst the exporter which wants to ship a car or many cars from the UK .
Under the agreement’s terms, who ship a car to India will benefit from reduced tariffs on high-end cars imported from the United Kingdom.
Presently, India levies over 100 percent of its duties on some imported vehicles.
However, with the FTA in place, to ship a car to India will be much cheaper as this agreement slash tariffs on made-in-UK cars and SUVs, bringing them down to 10 percent under a quota, as per the UK’s Department for Business & Trade.
The details of the quota have not been shared. However, the reduced tariff, will reduce all costs when ship a car to India, and will likely apply to a limited volume of imported cars and SUVs.
This will eventually result in a reduction of over 90 per cent in total import duties on made-in-UK cars, which might reflect in the form of a substantial reduction in the prices of these vehicles.
Also to ship a car successfully to India, you will need to learn not just about India, but also about the logistics involved.
You will need to understand export documentation, regulations and licensing, labelling and marking, tariffs and foreign currency management.
Before ship a car to India makes sure you do research and that you contact also the UK India shipping expert like Trans Global Logistics Uk Limited and other organisations who have the expertise and knowledge to guide you on the dos and don’ts of exporting to India.
Exporting will involve paperwork for transport, customs clearance, insurance and payments.
Our export expert with guide you on ship a car to and all its laborious documents to export to India. These must be dealt with in detail and may take more time and resources than you expect.so hire our expert support!
Trans Global Logistics UK Limited, International Shipping & Logistics Company with 30 years of experience, will be able to offers several services for your Vehicle Transport / Customs Clearance / Import and UK Vehicle Registration to confidently support your shipment in either Import or Export for any type of equipment.
Contact us at Trans Global Logistics UK Limited – bizdev@tglog.co.uk – phone 07833 410 281 www.tglog.co.uk