An Indian bought a 1.5lt used car in Colombo. WHat would be the customs duty for importing it to India?

Question:
The car is a Toyota Corolla LX. It was imported to Colombo from Singapore in Sep 06. I have been using it for personal use since then. On which price would customs duty be applicable? I bought it in Colombo under Duty free scheme (I am entitled to it through my job here).

Answers:

To sell or to repair?

Your best approach is to ask the officials with whom you will be dealing in the exercises.

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