Foreign Privileged Persons’ (Regulation of Customs Privileges) Rules, 1957 — Amendments

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....on (1) of section 157, read with sub-section (3) of section 160 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby makes the following rules to further amend the Foreign Privileged Persons' (Regulation of Customs Privileges) Rules, 1957, namely :- 1. (1) These rules may be called the Foreign Privileged Persons, (Regulation of Customs Privileges) Amendment Rules....

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....fairs, on payment of appropriate customs duty, on expiry of three years from the date on which such motor vehicle was imported. Provided that a privileged person, on his transfer out of India, may sell or otherwise dispose of a motor vehicle, which was imported within one year of his posting in India, to a non-privileged person prior to expiry of above-said period of three years from the date on....

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....hicle to another privileged person or, as the case may be, to a non-privileged person under clauses (a) and (c) of sub-rule (2) respectively or sale or disposal of an accidented or totally damaged vehicle under clause(d) of sub-rule (2), shall be made to the Ministry of External Affairs, in the Form prescribed by the Ministry of External Affairs for the purpose, and that Ministry shall remit the a....

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....n of foreign currency into Indian currency shall be taken as applicable on the date of approval of such sale or otherwise disposal by the said Board under clause (c) of sub-rule (2) of rule 4A. Provided that the facility of duty free sale of vehicles, after four years of import, shall be allowed on reciprocal basis to privileged persons of those countries, which are allowing similar facility of ....