TMI BlogPermission for the sale or disposal of motor vehiclesX X X X Extracts X X X X X X X X Extracts X X X X ..... h exemption from customs duty was given at the time of its importation or clearance from bond except in accordance with sub-rule (2). [(2) Any privileged person may — (a) sell or otherwise dispose of any motor vehicle referred to in sub-rule (1) to another privileged person, with the permission of Central Board of Excise and Customs through the Ministry of External Affairs; (b) re-export the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Board of Excise and Customs, to the Insurance Company with whom the motor vehicle was insured without prejudice to his rights to sell or otherwise dispose of the motor vehicle in terms of clauses (a) and (b) : Provided that in case the insurance company declines to accept the offer for sale of the motor vehicle, the motor vehicle, with the permission of Central Board of Excise and Customs, may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urrendered to the nearest Custom House, for scrapping or authorising a suitable Indian agency for scrapping and the sale proceeds, of scrap so obtained, if any, shall be reimbursed to the privileged person after deducting the duty leviable for such vehicle.] - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagementindi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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