https://www.taxtmi.com/notifications?id=1817 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. en-us Wed, 27 Jun 2001 00:00:00 +0530 Sun, 20 Jan 2008 19:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=1817 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. Notifications Customs Wed, 27 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/notifications?id=1817