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

NBFC Seeks Clarity on Exporting Repossessed Motorcycles: Understanding VAT Formalities and Export Rules for Used Vehicles An NBFC that has acquired motorcycles from defaulters seeks guidance on the export procedure for selling these motorcycles outside of India. The inquiry focuses on the necessary formalities under VAT and the overall export process, questioning the permissibility of exporting old motorcycles.