Form No. Form No. 021 - Form of Application for permission to sell or dispose of the Motor Vehicles imported or purchased from bond, free of duty, to the State Trading Corporation of India Ltd. (to be submitted in sextuplicate
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Customs privilege transfer requires government concurrence for sale of duty-free imported vehicles to state trading entity. Application procedure requires privileged persons to apply in the prescribed form to sell duty-free imported or bond-purchased motor vehicles to the State ... Summary
Foreign Privileged Persons (Regulation of Customs Privileges) Rules, 1957
Customs privilege transfer requires government concurrence for sale of duty-free imported vehicles to state trading entity.
Application procedure requires privileged persons to apply in the prescribed form to sell duty-free imported or bond-purchased motor vehicles to the State Trading Corporation, stating vehicle particulars, c.i.f. price and attaching documents, with a request for Government concurrence through the Ministry of External Affairs; if the Corporation declines or its offer is unacceptable, the matter may be remitted to customs for permission to sell to the insurer (with duty undertaking where the vehicle is under three years from import) or to another privileged person who must apply separately.
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