Customs privilege disposal rules: vehicles 1500 CC may be sold to non privileged persons after three years subject to duty and approvals. Amendments permit sale of motor vehicles with engine capacity not exceeding 1500 CC to non privileged persons after three years from importation with Board and Ministry of External Affairs permission and payment of customs duty; allow sale to scrap agencies where insurers decline purchase; restrict disposal of special purpose vehicles to sale to another privileged person, re export, or surrender for scrapping with net scrap proceeds reimbursed after duty. Duty assessment is to be made with the nearest Commissioner of Customs, with depreciated valuation for non damaged vehicles and transaction value for accidented or totally damaged vehicles.
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.
Customs privilege disposal rules: vehicles 1500 CC may be sold to non privileged persons after three years subject to duty and approvals.
Amendments permit sale of motor vehicles with engine capacity not exceeding 1500 CC to non privileged persons after three years from importation with Board and Ministry of External Affairs permission and payment of customs duty; allow sale to scrap agencies where insurers decline purchase; restrict disposal of special purpose vehicles to sale to another privileged person, re export, or surrender for scrapping with net scrap proceeds reimbursed after duty. Duty assessment is to be made with the nearest Commissioner of Customs, with depreciated valuation for non damaged vehicles and transaction value for accidented or totally damaged vehicles.
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