| 1. |
Contract period for the employment, assignment or stay of the Importer in India shall not be less than one year. |
| 2. |
Importer can import his own used vehicle which was in his possession abroad. |
| 3. |
Vehicle should not be sold for a period of five years from the date of clearance of the vehicle. |
| 4. |
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. |
| 5. |
Car should be registered in the name of the Importer on import of the vehicle into the country. |
| 6. |
Importer should execute a bond undertaking to fullfil 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. |
