| |
| |
| Limit |
| |
| One
passenger car. |
| |
| Conditions |
| |
| 1. |
Import
should be recommended by the Ministry of External Affairs. |
| 2. |
Cost
of the car (including freight and insurance) should be borne
by the Foreign
Government. |
| 3. |
Customs
duty should be paid by the applicant in Indian Rupees at the
time of Import. |
| 4. |
Car
should be registered in the name of the Importer on import of
the vehicle into the country. |
| 5. |
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 |
|
| Another
car can be imported by the Importer under this scheme only
after a period of five years from the date of importation of
the previous vehicle. However, if the Importer wants to
re-export the previous vehicle, then it should be
re-exported or sold to the State Trading Corporation of
India or to any other eligible Importer. |
|
|
