https://www.taxtmi.com/acts?id=1714 The Central Board of Excise and Customs may, on application, permit a privileged person who retires or relinquishes a post and remains in India to retain a motor vehicle imported or bought from bond without payment of customs duty provided the vehicle was used in India for at least three years by the relevant date; if that use requirement is unmet or the person later disposes of the vehicle, customs duty becomes payable and any proposed sale must first be offered to the State Trading Corporation with the Board's permission. en-us Sat, 19 Jan 2008 22:45:54 +0530 Tue, 03 Jun 2008 16:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=1714 The Central Board of Excise and Customs may, on application, permit a privileged person who retires or relinquishes a post and remains in India to retain a motor vehicle imported or bought from bond without payment of customs duty provided the vehicle was used in India for at least three years by the relevant date; if that use requirement is unmet or the person later disposes of the vehicle, customs duty becomes payable and any proposed sale must first be offered to the State Trading Corporation with the Board's permission. Act-Rules Customs Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=1714