Retention of exempt motor vehicles allowed if bona fide resident retains vehicle after service with three years' in country use. The Central Board of Excise and Customs may, on application, permit a privileged person who retires or relinquishes a post and remains in India to retain a motor vehicle imported or bought from bond without payment of customs duty provided the vehicle was used in India for at least three years by the relevant date; if that use requirement is unmet or the person later disposes of the vehicle, customs duty becomes payable and any proposed sale must first be offered to the State Trading Corporation with the Board's permission.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Retention of exempt motor vehicles allowed if bona fide resident retains vehicle after service with three years' in country use.
The Central Board of Excise and Customs may, on application, permit a privileged person who retires or relinquishes a post and remains in India to retain a motor vehicle imported or bought from bond without payment of customs duty provided the vehicle was used in India for at least three years by the relevant date; if that use requirement is unmet or the person later disposes of the vehicle, customs duty becomes payable and any proposed sale must first be offered to the State Trading Corporation with the Board's permission.
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