Exemption certificate requirement governs resale of duty-free goods to privileged persons; certificates, undertakings and reporting are required. Sale or disposal of duty free goods between privileged persons requires the seller to obtain an exemption certificate in duplicate from the buyer and, for motor vehicles, an additional undertaking in duplicate; copies must be forwarded to designated officials and both parties must report to the Central Board of Excise and Customs. These obligations apply on each subsequent sale between privileged persons and cease to apply to goods other than motor vehicles after the prescribed post importation time limitation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption certificate requirement governs resale of duty-free goods to privileged persons; certificates, undertakings and reporting are required.
Sale or disposal of duty free goods between privileged persons requires the seller to obtain an exemption certificate in duplicate from the buyer and, for motor vehicles, an additional undertaking in duplicate; copies must be forwarded to designated officials and both parties must report to the Central Board of Excise and Customs. These obligations apply on each subsequent sale between privileged persons and cease to apply to goods other than motor vehicles after the prescribed post importation time limitation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
