https://www.taxtmi.com/caselaws?id=110466 Where a transfer-of-residence policy for import of a second-hand car prescribes only the stated conditions, no additional requirement of prior registration in the importer's own name can be implied. The policy allowed import by a person settling in India if there was no direct or indirect remittance of foreign exchange from India and the vehicle remained subject to a no-sale condition for two years. On the facts, there was no material showing foreign exchange outgo from India and the importer was willing to comply with the undertaking and endorsement requirements. Eligibility for clearance was therefore established, and confiscation, redemption fine and penalty were not sustainable. en-us Mon, 12 Jan 2004 00:00:00 +0530 Mon, 16 Apr 2012 18:52:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110466 Where a transfer-of-residence policy for import of a second-hand car prescribes only the stated conditions, no additional requirement of prior registration in the importer's own name can be implied. The policy allowed import by a person settling in India if there was no direct or indirect remittance of foreign exchange from India and the vehicle remained subject to a no-sale condition for two years. On the facts, there was no material showing foreign exchange outgo from India and the importer was willing to comply with the undertaking and endorsement requirements. Eligibility for clearance was therefore established, and confiscation, redemption fine and penalty were not sustainable. Case-Laws Customs Mon, 12 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110466