Permit holders can buy vehicles already imported at reduced prices: FinMin

The Finance Ministry today said vehicle permit holders who haven’t been unable to import vehicles due to import restrictions, can purchase unregistered vehicles already imported to the country from registered vehicle importers/sellers at market price minus the tax concession entitled for such permits.

The Finance Ministry said the registered importers/sellers of vehicles who acquire permits form permit holders by selling them vehicles at reduced prices will be given the tax concessions entitled for such permits when they import vehicles in future.

Refer the No.01/2020 Trade and Investment Policy Circular (amended) of August 28, 2018 published on the Finance Ministry website for further details.