Share:   Share on facebook   Share on twitter   Share on linkedin

        Home        
 
Blank

Home Notifications 2001 Customs Customs - 2001 Customs - Non Tariff New Rules / Amendment Rules This

  • Login

Latest - TMI e-Newsletter

Forget password       New User/ Regiser



 

Foreign Privileged Persons’ (Regulation of Customs Privileges) Rules, 1957 — Amendments - 033/01 - Customs - Non Tariff

Extract

..... 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 .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Foreign Privileged Persons (Regulation of Customs Privileges) Rules, 1957 - Amendments - 033/01 - Customs - Non Tariff

X X   X X   Extracts   X X   X X

..... icle 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 be sold to the Metal Scrap Trading Corporation or any other suitable disposal agency for scrapping."; (II) for sub-rule (3), the following sub-rule shall be substituted, namely:- "( .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Foreign Privileged Persons (Regulation of Customs Privileges) Rules, 1957 - Amendments - 033/01 - Customs - Non Tariff

X X   X X   Extracts   X X   X X

..... ssed on the depreciated value arrived after providing for depreciation at the scales specified by the Central Board of Excise and Customs in case of import of second hand motor vehicles, and the rate of duty on such vehicle and the exchange rate for conversion of foreign currency into Indian currency shall be taken as applicable on the date of approval of such sale or otherwise disposal by the said Board under clause (c) of sub-rule (2) of rule 4A. Provided that the facility of duty free sale of .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Foreign Privileged Persons (Regulation of Customs Privileges) Rules, 1957 - Amendments - 033/01 - Customs - Non Tariff

X X   X X   Extracts   X X   X X