The Bike Sale Receipt is a fundamental document used in India for documenting the sale and purchase of motorcycles and scooters. This document is essential for compliance with the Motor Vehicles Act, 1988, and various state transport regulations in India. It serves as primary evidence of the ownership transfer and financial transaction between parties. The receipt should be used whenever a motorcycle or scooter is sold, whether between private individuals or through commercial dealerships. It includes critical information such as vehicle details, party information, transaction terms, and ownership transfer declarations. The document is particularly important for subsequent vehicle registration transfer processes at the Regional Transport Office (RTO) and for maintaining a clear chain of ownership. A properly executed Bike Sale Receipt helps prevent future legal disputes and facilitates smooth administrative procedures related to vehicle ownership and transfer.
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1. Receipt Number and Date: Unique identification number of the receipt and date of transaction
2. Seller Details: Complete name, address, and contact information of the seller
3. Buyer Details: Complete name, address, and contact information of the buyer
4. Vehicle Description: Detailed description of the bike including make, model, year, color, chassis number, engine number, and registration number
5. Transaction Details: Sale amount, payment method, and confirmation of payment received
6. Ownership Transfer Declaration: Statement confirming transfer of ownership from seller to buyer
7. Vehicle Condition Statement: Declaration of the current condition of the vehicle and any known issues
8. Signatures: Space for signatures of both parties and witnesses
1. Previous Ownership History: Details of previous owners if applicable, recommended for used bikes
2. Warranty Information: Details of any remaining manufacturer warranty or additional warranties, if applicable
3. Service History: Record of maintenance and services, particularly relevant for used bikes
4. Insurance Transfer Details: Information about existing insurance policy and transfer terms if applicable
5. Terms and Conditions: Additional terms of sale if any special conditions apply
6. Witness Details: Names and details of witnesses, recommended for high-value transactions
1. Schedule A - Vehicle Documents: List of all documents handed over to the buyer (Registration Certificate, Insurance Policy, Service Book, etc.)
2. Schedule B - Accessories List: Detailed list of accessories included in the sale
3. Schedule C - Payment Details: Breakdown of payment including any installments or pending payments if applicable
4. Appendix 1 - Inspection Report: Detailed inspection report of the vehicle condition at the time of sale
5. Appendix 2 - Photographs: Photographs of the vehicle and its key identifying features at the time of sale
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