Customs privileges for privileged persons: amended rules for vehicle disposal, approval process, and duty calculation follow specified procedures. Privileged persons may, with Central Board approval through the Ministry of External Affairs, transfer or re-export imported motor vehicles, or sell to non-privileged persons after three years (with an early-sale exception on transfer out of India). Applications for sale or disposal must be made to the Ministry of External Affairs for forwarding to the Board. Duty on sales to non-privileged persons is payable to the nearest Commissioner and assessed on depreciated value per Board scales, using duty and exchange rates on the Board's approval date. Special rules treat accidented, totally damaged, and stolen vehicles as cum-duty price bases for duty calculation.
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 privileges for privileged persons: amended rules for vehicle disposal, approval process, and duty calculation follow specified procedures.
Privileged persons may, with Central Board approval through the Ministry of External Affairs, transfer or re-export imported motor vehicles, or sell to non-privileged persons after three years (with an early-sale exception on transfer out of India). Applications for sale or disposal must be made to the Ministry of External Affairs for forwarding to the Board. Duty on sales to non-privileged persons is payable to the nearest Commissioner and assessed on depreciated value per Board scales, using duty and exchange rates on the Board's approval date. Special rules treat accidented, totally damaged, and stolen vehicles as cum-duty price bases for duty calculation.
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