I ended up selling the bike in UB to an Irishman, however I believe the laws in Mongolia have recently changed due to the mass dumpings of Mongol rally vehicles.
You now temporarily import the bike to Mongolia, this is recorded on computer and you have to produce a duplicate slip of paper with your details and the bike details upon exit. Additionally you receive two entry stamps one for you and one for the bike. I was told you need to leave a $2000 bond if you exit without the bike.
Myself and Tadhg got notary letters in Mongolian and Russian regarding the sale of the bike (dirt cheap in UB).
Having said all of that nothing was mentioned about the bike when I flew out of UB!
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