Duty-free clearance conditions: re-export bond required and a bank guarantee to secure the duty obligation on display imports. Duty-free clearance for goods imported for approved fairs and exhibitions is allowed under Notification 3/89-Cus. only upon furnishing a re-export bond for 150% of the value of the goods, backed by a Bank Guarantee for 100% of the duty amount, and applies solely to events certified by the Ministry of Commerce or authorised ITPO officers. Imports intended for private sales promotion are not covered and must pay full customs duty, with drawback available under section 74 on re-export.
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Provisions expressly mentioned in the judgment/order text.
Duty-free clearance conditions: re-export bond required and a bank guarantee to secure the duty obligation on display imports.
Duty-free clearance for goods imported for approved fairs and exhibitions is allowed under Notification 3/89-Cus. only upon furnishing a re-export bond for 150% of the value of the goods, backed by a Bank Guarantee for 100% of the duty amount, and applies solely to events certified by the Ministry of Commerce or authorised ITPO officers. Imports intended for private sales promotion are not covered and must pay full customs duty, with drawback available under section 74 on re-export.
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