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About Racing Cars and Indian Racing Cars export market

India's total export for Racing Cars is worth 236.9 USD Million in 2016, which when compared to the previous year’s export stats has increased by 38.3%

Racing Cars is exported from India majorly to Bhutan, Netherlands, Nepal, USA, United Arab Emirates , for which the combined export value from India to these countries stands at 97.46 USD Million, which is 41.14% of India’s total exports for this commodity.

What is the export duty for Racing Cars in India?

Export duty for Racing Cars is levied by the government when the product is exported from India to other countries. Racing Cars comes under {{multiple}} HS Codes which includes 40111010, 84099191, 95030090, etc. This tool helps you to find out custom duty/ export duty that one has to pay while exporting Racing Cars from India.

Connect2India additionally explains varied duties and taxes obligated on the export of Racing Cars from India. It additionally helps you with the composition of export order for Racing Cars, paying tariff and taxes for Racing Cars, obtaining custom clearances for Racing Cars and assist you with different procedures relating to the export of Racing Cars in India. Connect2India helps you to find out the export duty of Racing Cars from India to any other country. It also gives information about Racing Cars exporting procedure in India, exporting rules and regulations in India for exporting Racing Cars.

Apply now to get 80% of your Racing Cars export invoice value on day one and grow your Racing Cars export business with working capital finance.

Export duty under HS CODE 40111010

MEIS DETAILS

Under HS Code 40111010, the MEIS rate for Racing Cars is :

Ser No Description Rate
1858 RADIALS TYRES USED ON MOTOR CARS (INCL STATION WAGONS AND RACING CARS) 2
DBK DETAILS

Under HS Code 40111010, the DBK rate for Racing Cars is :

Ser No Notification no DBK Description DBK Rate Specific Rate unit
401101A 110/2015-CUS-NT TUBELESS ALL STEEL RADIAL TYRES 2.4 8 KGS
401101B 110/2015-CUS-NT TUBELESS ALL STEEL RADIAL TYRES 2.4 8 KGS
401103A 110/2015-CUS-NT AUTOMOBILE TYRES REINFORCED WITH NYLON TYRE-CORD WARP-SHEET OR RAYON TYRE CORD WARP-SHEET 2.4 8 KGS

Export duty under HS CODE 84099191

MEIS DETAILS

Under HS Code 84099191, the MEIS rate for Racing Cars is :

Ser No Description Rate
3582 OTHER CMPONENT PARTS OF PETROL ENGINES FOR MOTOR VEHICLES 3

Export duty under HS CODE 95030090

DBK DETAILS

Under HS Code 95030090, the DBK rate for Racing Cars is :

Ser No Notification no DBK Description DBK Rate Specific Rate unit
950302B 110/2015-CUS-NT plastic rounder bat 1.9 2.6 PCS
950303A 110/2015-CUS-NT cricket sets made of plastic consisting of two bats two balls two bases and six stumps in a nylon carrying bag 6.2 77 SET
950303B 110/2015-CUS-NT cricket sets made of plastic consisting of two bats two balls two bases and six stumps in a nylon carrying bag 1.9 23.6 SET
950399A 110/2015-CUS-NT other 5.7 30 KGS
950399B 110/2015-CUS-NT other 1.9 10 KGS

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People Also Ask

What is India's export value for Racing Cars?

India exported Racing Cars in 2016, valued at 236.9 USD Million. The export of Racing Cars increased by 38.3% as compared to the last year 2015.

Which country is the largest importer of Racing Cars from India?

Bhutan is the largest importer of Racing Cars from India. India exported around 60650 quantity of Racing Cars in the year 2016, valued at 23.56 USD Million to Bhutan.

Who pays export duty for Racing Cars?

The export duty for Racing Cars is paid by the exporter of the Racing Cars.

Is GST applicable on exports in India?

Yes, GST is applicable on exports in India and is 5%, 12%, 18% and 28% depending upon HS Code of Racing Cars.

Is GST required for export?

Yes, GSTIN and IEC documents are required for exporting Racing Cars products.

Real time Export Data for Racing Cars

S. No Date Product Code Product Quantity Value (INR in Million) Origin Port Destination Port
2016-11-17 40112010 RADIALS TYRES USED ON MOTOR CARS (INCL STATION WAGONS AND RACING CARS ) - BRIDGESTONE BRAND TIRES PSR 225/60 R17 99H LE0 30 0.1166 Dighi(Pune) Tokyo
2016-11-15 40111010 RADIALS TYRES USED ON MOTOR CARS (INCL STATION WAGONS AND RACING CARS ) - BRIDGESTONE BRAND TIRES PSR 235/65 R17 104H 68 2 0.0104 Dighi(Pune) Tokyo
2016-11-15 40111010 RADIALS TYRES USED ON MOTOR CARS (INCL STATION WAGONS AND RACING CARS ) -BRIDGESTONE BRAND TYRES PSR 235/65R17 104H 684 2 0.0104 Dighi(Pune) Bangkok
2016-11-15 40112010 RADIALS TYRES USED ON MOTOR CARS (INCL STATION WAGONS AND RACING CARS ) - BRIDGESTONE BRAND TIRES TBR BS 1000R20 SA09Z 8 0.1159 Dighi(Pune) Narita Apt/Tokyo
2016-11-11 40111010 GOODYEAR TYRES 145/70 R12 69T DUCARO HI-MILER TYRES. RADIALS TYRES USED ON MOTORCARS(INCL STATION WAGONS & RACING CARS) 700 0.7136 Nhava Sheva Sea Colombo
2016-11-11 40111010 GOODYEAR TYRES 155/65 R13 73T DURAPLUS TYRES. RADIALS TYRES USED ON MOTOR CARS(INCL STATION WAGONS & RACING CARS) 540 0.5715 Nhava Sheva Sea Colombo
2016-11-11 40111010 GOODYEAR TYRES 155/80 R13 79T DURAPLUS TYRES. RADIALS TYRES USED ON MOTOR CARS(INCL STATION WAGONS & RACING CARS) 184 0.2301 Nhava Sheva Sea Colombo
2016-11-10 40111010 RADIALS TYRES USED ON MOTOR CARS (INCL STATION WAGONS AND RACING CARS ) - BRIDGESTONE BRAND TIRES PSR 215/60 R16 95H TO1 8 0.0265 Dighi(Pune) Tokyo
2016-11-10 40111010 RADIALS TYRES USED ON MOTOR CARS (INCL STATION WAGONS AND RACING CARS ) -BRIDGESTONE BRAND TYRES PSR 215/60 RH16 95H TO 12 0.0397 Dighi(Pune) Bangkok
2016-11-03 76169990 INDIAN ARTISTIC OF S. STEEL & ALUMINIUM ARTWARES -19968-RACE CAR COCKTAIL SHAKER 1002 0.8201 Nhava Sheva Sea New York
2016-11-03 40111010 RADIALS TYRE USED ON MOTOR CARS(INCL STATION WAGONS&RACING CARS)-BRIDGESTONEBRAND TIRES SIZE:088H 185/65 R15 B250LZ 12300 18.6345 Nhava Sheva Sea El Iskandariya (= Al
2016-10-29 40111010 RADIALS TYRES USED ON MOTOR CAR(INCL STATION WAGAON AND RACING CARS)BRIDGESTONEBRAND TIRES:PSR 205/50 R17 93H EP15CZ 200 0.6324 Bombay Air Cargo CHICAGO, IL
2016-10-29 40111010 RADIALS TYRES USED ON MOTOR CARS (INCL STATION WAGONS AND RACING CARS ) - BRIDGESTONE BRAND TIRES PSR 185/60R15 88T B250 5 0.0101 Dighi(Pune) Tokyo
2016-10-28 40111010 RADIALS TYRES USED ON MOTOR CARS (INCL STATION WAGONS AND RACING CARS ) - BRIDGESTONE BRAND TIRES PSR 235/65R17 684ABZ 8 0.0422 Dighi(Pune) Tokyo
2016-10-21 87120010 BICYCLES 12IN SPIKE RACE CAR BOYS-MODELNO.SP12RAC(INTENTION TO CLAIM BENEFITS UNDER APPENDIX 3B-MEIS) EXP REF D0720 650 1.1047 Kattupalli Southampton
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Top Importers for Racing Cars

S. No Country Quantity Value (USD in Million)
Bhutan 60650 23.56
Netherlands 468510 23.13
Nepal 444240 18.79
USA 192190 17.34
United Arab Emirates 196020 14.64
Philippines 126480 11.4
Thailand 126220 10.06
Germany 123159 8.04
Egypt 169440 6.94
Italy 115219 6.86
View Racing Cars Export Data

Top ports to export Racing Cars

S. No Origin Port Quantity Value (INR in Million)
NHAVA SHEVA SEA 14726 20.9699
KATTUPALLI 650 1.1047
BOMBAY AIR CARGO 200 0.6324
DIGHI(PUNE) 75 0.3717