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INDIAN NATIONALS OR FOREIGN NATIONALS OF INDIAN ORIGIN COMING TO INDIA FOR PERMANENT SETTLEMENT: (a) Import of One Passenger Car with engine size not exceeding four cylinders and not exceeding 1600 C.C. is permitted, whether the car is new or old. Alternatively, import of any one passenger car is permitted provided the car has been in the use of the importer for more than a year prior to the return to India. (b) The importer has stayed abroad continuously for a period of at least two years prior to his coming to India for permanent settlement. (c) The payment for the Car is made abroad before his return to India. (d) The car should be imported into India within six months of the arrival of the importer in India for Permanent settlement. (e) If the importer transfers his residence out of India again, he will be entitled to import another car under this Policy only after a minimum period of five years from the date of importation of the previous vehicle. (f) The importer is free to sell the car in the open market after his return to India without any restriction as regards the period of retention of the vehicle. (g) Import of any other type of automobile vehicle may be permitted by the Director General of Foreign Trade on merits. Last update on: 6 July 1998. |
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