https://www.taxtmi.com/circulars?id=54975 Amendment allows in-transit motor vehicles destined for Nepal to move on their own power provided Indian Customs examine them to confirm conformity with the Customs Transit Declaration, import licences and letters of credit; vehicles are treated as sensitive goods and must be covered by an insurance policy or bank guarantee for the difference between market and c.i.f. value, assigned to and payable to the Commissioner of Customs if goods do not reach Nepal, and movement is permitted only through specified Land Customs Stations with consequential changes to permitted transit conveyances. en-us Tue, 01 Sep 2015 00:00:00 +0530 Thu, 27 Oct 2016 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54975 Amendment allows in-transit motor vehicles destined for Nepal to move on their own power provided Indian Customs examine them to confirm conformity with the Customs Transit Declaration, import licences and letters of credit; vehicles are treated as sensitive goods and must be covered by an insurance policy or bank guarantee for the difference between market and c.i.f. value, assigned to and payable to the Commissioner of Customs if goods do not reach Nepal, and movement is permitted only through specified Land Customs Stations with consequential changes to permitted transit conveyances. Circulars Customs Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54975