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| Eligibility |
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| Charitable
and Missionary Institutions. |
|
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| Limit |
|
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| Vehicles
such as utility vans, ambulances, station wagons, jeeps,
mini buses (excluding passenger cars) without any limit. |
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|
| Conditions |
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|
|
|
1.
|
Vehicle
should have been gifted to the Institution. |
|
2.
|
Importer
should be an established Institution and functioning for the
common benefit of the community. |
|
3.
|
Necessary
clearance under the Foreign Contribution (Regulation) Act,
1976 should be produced. |
|
4.
|
Vehicle
should not be sold for a period of five years from the date
of clearance of the vehicle. |
|
5.
|
If
the Importer wants to sell the vehicle within a period of
five years, then the vehicle should be re-exported or sold
to the State Trading Corporation of India or to any other
eligible Importer. |
|
6.
|
Car
should be registered in the name of the Importer on import
of the vehicle into the country. |
|
7.
|
Importer
should execute a bond undertaking to fulfill the conditions
applicable to import for an amount equal to Customs
assessed c.i.f. value of the vehicle. The bond shall
be valid for a period of five years and it may not be
supported by a bank guarantee. |
|
|
|
| Special
cases |
|
|
|
1.
|
Importer
can dispose of the vehicle without any restrictions after a
period of five years. |
|
2.
|
Payment
of Customs duty can be made in Indian Rupees. |
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