Car Articles

This 'hot' looking car is a dream car of many people but the India's favourite cricket star Sachin Tendulkar owns this dream car. Ferrari F360 Modena was gifted to Sachin by the Ferrari's Formula 1 driver Michael Schumacher on behalf of the FIAT, the Italian automobile group that also produces Ferrari cars. The Ferrari also carried controversy related to the custom duty as the cricketer requested a custom duty to be waived off. Since it was a gift, the Union Finance Ministry exempted him from paying 120 per cent import duty.  Ferrari F360 Modena, which carries the price of Rs 75 lakh, attracts the custom duty of Rs 1.13 crore.

This cricket star was gifted with world's one of the hottest looking car Ferrari and another gift he received from the ministry was the tax exemption. Now this is a double gift. But is a common man had requested for a tax exemption, would government agree? The answer is 'NO'. It is the celerity power that speaks not the words of a common man.

There has been one attention-grabbing controversy when Bollywood icon Amitabh Bachchan gifted to his son Abhishek Bachchan White Bentley Continental Flying Spur on his 31st birthday. And the controversy attached to this gift is that the duty some of Rs.8.5 million was paid by their close family friend and a politician Amar Singh. However when investigated by the Delhi Transport authority, they had no record on the chassis number, engine number, and name of the car owner or address of the Bentley car that Amar Singh said it belonged to him. Looks like a hush-hush kind of gift from his dad or Amar Singh is still under cover.  It is becoming a trend among the celebrities to gift a car for any occasion.