https://www.taxtmi.com/circulars?id=3090 Import of passenger cars and automobile vehicles is restricted and permitted only for specified eligible importer categories subject to conditions: payment for the vehicle made abroad (except limited exceptions), customs duty payment requirements, fulfilment of category-specific conditions, declaration of permanent settlement where applicable, limits on quantity and prior use for used vehicles, execution of a bond equal to the customs assessed c.i.f. value (for most importers), and a no-sale condition for certain categories requiring re-export or sale to designated entities if disposed of during the restricted period. en-us Mon, 31 Mar 1997 00:00:00 +0530 Mon, 02 Mar 2009 19:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3090 Import of passenger cars and automobile vehicles is restricted and permitted only for specified eligible importer categories subject to conditions: payment for the vehicle made abroad (except limited exceptions), customs duty payment requirements, fulfilment of category-specific conditions, declaration of permanent settlement where applicable, limits on quantity and prior use for used vehicles, execution of a bond equal to the customs assessed c.i.f. value (for most importers), and a no-sale condition for certain categories requiring re-export or sale to designated entities if disposed of during the restricted period. Circulars DGFT Mon, 31 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3090