What duty fees can I expect to take a new bike into Bangladesh?

Can I buy a bike in India while I am travelling here, and take it back to Bangladesh?

If yes, then how much will be the duty charges for a bike? (Price ₹60000-70000)

Best Answer

There's a tax and duty calculator at Customs Duty Free that will give you an estimate of the taxes and duties payable. I've reproduced below the calculation for importing a bicycle valued at 70,000 taka (about INR63,000), no insurance, no shipping.

The total taxes and duties payable on import are approximately 39,000 taka.

You should perform your own calculation based on actual values, and be aware that this site may not be authoritative.

CUSTOMSDUTYFREE.COM

One stop shop for customs duty for 100+ countries

The Customs duty calculation for Bicycle is as follows:

Country Details :

From Country : India

To Country : Bangladesh

Product details :

Product description : Bicycle

Category : Sports & Outdoors

Sub Category : Bicycle

Item name : Bicycle With Both Wheels Size > 63.5cm

Hs code : 87-12-0-0-0

Extra taxes details :

REGULATORY DUTY IS : 4375

ADVANCE INCOME TAX IS : 4375

Supplementary duty of 0 to 437500 applicable on certain products

Calculation details :

Item cost : 70000

Shipment cost : 0

Insurance cost : 0

CIF value (item cost + shipment cost + insurance cost) : 70000

Customs duty rate : 25%

CUSTOMS DUTY (customs duty rate * (CIF)) : 17500

Vat rate : 15%

VAT (vat rate * (Customs duty+CIF+other taxes if applicable)) : 13781.25

Total amount to be paid : 110031.25(excluding extra taxes if applicable)

The above duty has been calculated from 'https://customsdutyfree.com' on 2018-11-03.

Note: All the rates and values are shown in respective country currency.

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Quick Answer about "What duty fees can I expect to take a new bike into Bangladesh?"

Extra taxes details :
REGULATORY DUTY IS : 4375.
ADVANCE INCOME TAX IS : 4375.
Total amount to be paid : 110031.25(excluding extra taxes if applicable)

How much tax do you pay on a bike in Bangladesh?

In Bangladesh, the import duty is 45% keeping the motorcycles prices about 2.5 times higher than those in India. However, local manufacturers can agree with the government a discount on this duty, if they produce at least one fifth of the bike in the country.

How much is the custom duty in Bangladesh?

Bangladesh has abolished excise duties on all locally produced goods and services, with certain exceptions.

Can I import bike from India to Bangladesh?

India has allowed Bangladesh to import motorcycles through the land customs stations, a move that is expected to give a big leg-up to exports of two-wheel makers.

How is the cost of duty calculated?

Duty is calculated against the value of the shipment's contents declared on the commercial invoice, together with any insurance costs and a percentage of the transportation cost \u2013 this is known as the value for customs. This value is then multiplied by the duty percentage of the Harmonized System (HS) code.

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