Thanks guys for your responses.
I went to Target point over the weekend with a friend who has represented Delhi state in 10m shooting and is a superb marksman and gun lover.
Target point, for those of u in Hyd, is located next to Haj House in Nampally (opp public gardens).
thi splace has only Indian rifles and pistols on display, alosng with a couple of crappy chinese plastic stuff.
the owner, Shafi, is one shifty character and was trying to palm us a spanish air pistol (with a cracked butt!!) for 17K.
when we asked him about imports, he says tha timports are not an issue, the issue is that the country of origin (eg. US, czhec republic, uk etc. have banned exports to India !!) I was like...WTF!
anyways, we realised that the guy was a rip off and since I am travelling to the US soon anyways, I will try and get a good air pistol from there.
since we had wasted half a day there, both of us decided to buy simething, just for our satisfaction, and ended up buying a blanca apiece. We got a decent deal since for 2000 bucks, he sold us the pistol, a couple of targets and an extra set of copper BBS (along with the ones that come with the gun) and apretty nifty looking belt holster
the gun itself is not very well fininshed and I seriously doubt how long it will last. but we bought it only to keep us going till I get a gune (hopefully) from the US in May.
Cheers
himanshu