Import treatment of air conditioned cars: value ceiling and convertible currency duty requirement removed; tourism authorisation deemed a licence. Air conditioned cars imported by State tourism corporations and tour operators are to be treated as normal imports without the earlier value ceiling or obligation to pay duty in convertible foreign exchange; an authorisation from the national tourism authority will be deemed a licence and no separate import licence from the foreign trade licensing authority is required. Administrative orders are to substitute Collector titles with Commissioner titles to reflect reassigned jurisdiction under the Finance Act.
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Provisions expressly mentioned in the judgment/order text.
Import treatment of air conditioned cars: value ceiling and convertible currency duty requirement removed; tourism authorisation deemed a licence.
Air conditioned cars imported by State tourism corporations and tour operators are to be treated as normal imports without the earlier value ceiling or obligation to pay duty in convertible foreign exchange; an authorisation from the national tourism authority will be deemed a licence and no separate import licence from the foreign trade licensing authority is required. Administrative orders are to substitute Collector titles with Commissioner titles to reflect reassigned jurisdiction under the Finance Act.
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