You have 6 questions..........lol couple of
1 am i allowed to bring a bike under the luggage scheme?
You can bring under Personal baggage Scheme, its not luggage scheme.
2 how old the bike can be.. 2 years brand new or anything?
Could be brand new or upto 5 years old.
3 how long i will be able to keep the bike back home?
As long as you want to.
4 would i be paying any taxes or duties on the bike?
Yes of course
5 what documents do i need to bring?
Reg book, passport, pak embassy attestation, shipping document (B/L)
6 And if some one can please describe the whole process of importing something under the baggage scheme. i would be more than thankfull.
There is a thread on this page from takko, who wants procedure for importing vehicles, and there is a link on the last reply by myself, visit that link and you will understand much of the procedure.
thanks