Every motorcycle riders passion to own a superbike. But it is hardly possible for everyone, because superbikes are highly expensive. However, many are interested to buy used and imported superbikes since they are affordable. When you buy an imported used bike, loads are the formalities you have to carefully handle. The following instructions may help you when you buy a used imported bike.
1. When you approach the seller to buy the bike, make sure that he/she is genuine. It is always better to go with an experienced superbike mechanic or a superbike rider to have a pre-delivery check up on the bike thoroughly.
2. Documents needed:
Form 28 [No Objection Certificate (NOC)] (3 copies)
Form 29 [Notice of Transfer of Ownership] (2 copies)
Form 30 [Report of Transfer of Ownership] (1 copies)
Transfer Deed Form (2 copies)
Documents to be produced by the seller:
Photostat copy of license/passport of seller
Bill of Lading, which is comprised of port of dispatch, dispatch bill, received port details, landing bill and payment proof.
Bill of Entry
Passport copy of the importer.
3.Now make sure all documents, which must be produced by the seller, are handed over. Check out the documents thoroughly. Confirm that the seller's name, and the name in the RC book and all other documents are same. Then verify the engine and chassis no. of the bike certified in the documents are same. Since it is an imported motorcycle, you are requested to go through the Bill of Lading documents very carefully.
4. Fill up and sign the forms 28, 29, and 30. Then submit then at the RTO to change the ownership.
5. Fill up two Transfer deed forms (no photostats). Engine Number, Chassis Number and Registration Number should be written very accurately in that. Paste a revenue stamp each on them. Then two parties have to sign in two Transfer deed forms, which should be safely kept by both buyer and seller. In the Transfer deed form, the seller declares that he/she has no legal liabilities on the bike in the future.
6. Now buyer has to fill up and sign the Delivery note in which buyer declares that he/she has all the responsibilities towards the bike in the future.