CBR has not yet given details of new duty structure but someone told me that upto 1800cc vehicles which had duty in dollars, tariff is same.
However, vehicles over 1800cc engine capacity, new structure would be in place shortly. According to which customs duty is reduced from 75% to 45% (A 30% reduction in duty) but same time CBR has also reduced the depreciation allowance from 2% to 1% and introduced a new wealth tax of 5%. This new tricky and dodgy amendments will raise the price of each car to Rs 30,000.00 rather than coming down.
It might be beneficial for some people who want brand new vehicles.
Lets see what comes out of the bag in next few weeks.