Let’s say you really want to purchase a car that is not available in India. What can you do? – Well, you can import the four-wheeler to India and call it yours. In India, the import process is quite long and expensive.
However, if you do not mind the expense, the import process can be worth it. You can also provide security for your imported car with the best four wheeler insurance policy. Now, let’s discuss how you can import a four-wheeler in India.
Understanding the Import Procedure
People who want to buy foreign cars for sale in India must first locate an authorised importer.
Importers must have a valid compliance certificate issued by the testing agencies for the car model being imported according to the Central Motor Vehicle Rules (CMVR) 1989.
Additionally, the distributor or importer would be responsible for all provisions assigned to the manufacturer under CMVR 1989 rules 138 and 122 and for issuing form 22 under CMVR 1989 provisions.
Lastly, the distributor or importer must guarantee in writing that the proof of conformity of manufacture, per the CMVR regulation 126A, will be provided within 6 months post importation. If this is not done, no new model of that vehicle can be imported in the future.
Conditions for Importing New Foreign Car to India
- The four-wheeler has to be imported from the country where it was assembled or built.
- The four-wheeler has to be produced and designed outside of India.
- Ensure that the four-wheeler is a right-handed vehicle.
- The four-wheeler must be brand new and have no previous history of being leased, used or rented.
- The data should be displayed in kilometres per hour on your four-wheeler’s speedometer.
Rules for Importing Second-Hand Foreign Cars in India
- If you plan to buy used foreign cars for sale in India, the used four-wheeler you want to import should be under three years old. Before purchasing something imported, ensure you check the manufacturing date.
- Ensure that the four-wheeler is right-hand driven.
- Your four-wheeler’s headlights should be positioned to highlight the left side of the road properly.
- The four-wheeler must have not been previously leased, hired or sold to a third party.
- In India, used cars can also enter legally through any of the three naval docks located in Mumbai, Chennai or Kolkata.
What are the Documents Required to Get Foreign Cars for Sale in India
- Papers related to the four-wheeler’s insurance policy.
- Purchase letter or agreement of credit of the four-wheeler.
- Valid licence to import.
- Draft from the bank.
- A GATT declaration made by customs that states the value of the imported four-wheeler.
- The loading bill – an official document that certifies that the four-wheeler has been received for shipping.
- You will also be required to submit a duty entitlement passbook, a duty exemption entitlement certificate, and other documents.
Auto Insurance Policies for Four-Wheelers
Once you successfully acquire ownership of your imported four-wheeler, you must secure valid car insurance online. In India, it is illegal to drive a four-wheeler without a valid insurance policy.
Additionally, since importing a four-wheeler can be challenging and time-consuming, you must prioritise purchasing a top-class four-wheeler insurance policy for its security.
With reputed insurance providers like Tata AIG, you can purchase comprehensive car insurance, third-party car insurance and own-damage car insurance. These insurance policies are highly affordable and tailored to your requirements.
Further, you can also use a car insurance premium calculator to know the premium you will have to pay for the car insurance policy.
To Wrap It Up
Importing a foreign four-wheeler to India is a complicated process that demands careful attention to procedures and guidelines. By following the tips mentioned above, you can navigate this process seamlessly.
Additionally, opting for the best auto insurance policy to protect your imported car against unforeseen circumstances is always a good idea.
With the right car insurance policy, you can have peace of mind knowing that your imported car is covered in case of damages, theft, loss or other four-wheeler related issues that may arise.
