Clearance of in-transit motor vehicles on their own power allowed with inspection and insurance or bank guarantee conditions. Amendment allows in-transit motor vehicles destined for Nepal to move on their own power provided Indian Customs examine them to confirm conformity with the Customs Transit Declaration, import licences and letters of credit; vehicles are treated as sensitive goods and must be covered by an insurance policy or bank guarantee for the difference between market and c.i.f. value, assigned to and payable to the Commissioner of Customs if goods do not reach Nepal, and movement is permitted only through specified Land Customs Stations with consequential changes to permitted transit conveyances.
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.
Clearance of in-transit motor vehicles on their own power allowed with inspection and insurance or bank guarantee conditions.
Amendment allows in-transit motor vehicles destined for Nepal to move on their own power provided Indian Customs examine them to confirm conformity with the Customs Transit Declaration, import licences and letters of credit; vehicles are treated as sensitive goods and must be covered by an insurance policy or bank guarantee for the difference between market and c.i.f. value, assigned to and payable to the Commissioner of Customs if goods do not reach Nepal, and movement is permitted only through specified Land Customs Stations with consequential changes to permitted transit conveyances.
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