Kindly let me know on which page as I already check that pdf but unable to locate , also I have noticied that command line is not effective on that policy type
You really need to try looking a little bit harder.
Chapter 6 starting on Page 79 which is "Configure automatic selection of virtual machines for backup" covers what you asked. All I did was look through the index of the manual Riaan provided you the link to. I took me a few seconds to find chapter and page number.
As for command line and VM VIP's - although it is not in the manual, a quick Google search brings up plenty of info, including:
There used to be a White Paper for VIP but the doc seems to have been removed from Symantec/Veritas sites.
I found this copy on LinkedIn slideshare: