Export procedure to sell old motor cycles

[satbir singhwahi]

NBFC has acquired motor cycles from defaulters , now it wants to sell out of India, what formalities it need to follow under vat, and export procedure. Is this sale of old motor cycles out of India permissible.

AI Summary

Export permissibility of used vehicles: determine required VAT and export formalities for NBFC sale abroad. Whether an NBFC that has acquired used motorcycles from defaulters may export them and what statutory formalities apply under VAT and export law, including permissibility of cross border sale of repossessed vehicles, VAT treatment on disposal, required export documentation, and customs clearance procedures.