Import policy of Vehicles.

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....e 31^st March, 2011  Subject : Import policy of Vehicles. S.O.671(E).- In exercise of the powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government hereby makes the following amendments in the Schedule 1 (Imports) of the ITC (HS) Classifications of Export and Import Items ....

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.... in this category, who are exempt from payment of customs duty, shall be exempt from the conditions specified at Sl.No.1 & 2 above.  Such imported vehicles shall be disposed off in the manner specified in the Foreign Privileged Persons (Regulation of Customs Privileges) Rules, 1957, as amended from time to time 4. The effect of this Notification :- The sale of vehicles imported by Forei....