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of <h1>Share certificates held by NRIs abroad can be re-imported duty-free under notification 94/96-Customs when unprocessed</h1> Customs authorities were requiring duty payment on share certificates held by NRIs abroad when re-imported for sale or dematerialization. The Board clarified that under notification 94/96-Customs, share certificates of Indian origin can be re-imported duty-free if no export benefits were claimed during original export and goods remain unprocessed abroad. Since share certificates cannot undergo processing or alteration after export, they qualify for exemption when re-imported within stipulated timeframes. Custom Houses were instructed to finalize pending provisional assessments based on these guidelines.
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