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Cars sale to STC - Delay in payment of duty

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..... in realisation of duty -reg. In terms of rule 4(ii)(c) of the Foreign Privileged Persons/ Regulation of Customs Privileges Rules, 1957, a foreign privileged person, on relinquishing his post or on his transfer out India may offer the vehicle imported by him for sale to State Trading Corporation, with the permission of Ministry of External Affairs. In terms of rule 5(iv)(i) ibid, w .....

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..... he Ministry of External Affairs, the number and data of the letter granting permission, name and address of the privileged persons, particular of car, the date of its importation, whether duty leviable etc. should be entered in the relevant register together with the details regarding the date of payment of duty, cash challan and the name of the Custom House where the amount deposited. It was furt .....

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..... reported that the permission of the Ministry of External Affairs, granting sale to State Trading Corporation is not always received by the Customs Houses. Moreover, such permission by the Ministry of External Affairs is being considered as advance intimation only and custom Houses are mainly depending on the information furnished by the State Trading Corporation is this regard. The duty is being .....

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..... to allot running serial number (Custom House of Import wise / year wise) so that Custom Houses could check if they. have received all the permissions for sale. Sd/- (V.K. Singh) Senior Technical Officer - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxT .....

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