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

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..... y be called the Foreign Privileged Persons, (Regulation of Customs Privileges) Amendment Rules, 2001. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Foreign Privileged Persons' (Regulation of Customs Privileges) Rules, 1957,- (i) in rule 4A,- (I) for sub-rule (2), the following sub-rule shall be substituted, namely:- " (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 motor vehicle, with th .....

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..... motor vehicle 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 application to the Central Board of Excise and Customs." (ii) in rule 5,- (a) sub-rule (1A) shall be omitted. (b) for sub-rule (1B), the following sub-rule shall be substituted, namely:- " (1B) The custom duty on any vehicle sold or otherwise disposed of under clause (c) of sub-rule (2) of rule 4A shal .....

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..... nted or damaged at the time of such sale." (d) after sub-rule (1C), the following sub-rule shall be inserted, namely:- " (1D) In case a vehicle has been stolen, customs duty shall be calculated taking the amount of insurance claim as cum duty price and rate of duty shall be taken as that applicable to such motor vehicle." (a) sub-rule (4) shall be omitted. Rajendra Singh Under secretary to the government of india F.No. 421/4/95-Cus.IV Note:The principles rules were published in the Gazette of India vide notification Customs No. 4 dated the 8 th January, 1957 and last amended by the notification No. 43/99-Customs(N.T.) dated the 2 nd July, 1999. - Notification Tax Management India - taxmanagementindia - t .....

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