BCD exemption for specified display assembly inputs extended for automotive, medical and industrial applications, with defined exclusions and sunset d...
Prospective valuation amendment limits reassessment: unamended fair market value reference could not justify reopening based on a registered valuer's ...
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Customs exemption for goods imported into India for display or use at a specified event is amended to permit extension of the existing two-year period in individual cases on sufficient cause being shown. The Board may grant such further period as it considers fit, expanding the time available for compliance with the relevant condition under Notification No. 8/2016-Customs. The amendment also renumbers the later proviso by replacing "Provided further that" with "Provided also that" to align the drafting after insertion of the new proviso. The operative effect is to introduce discretionary time extension for eligible event-related imports covered by the exemption notification.
Customs exemption for goods imported into India for display or use at a specified event is amended to permit extension of the existing two-year period in individual cases on sufficient cause being shown. The Board may grant such further period as it considers fit, expanding the time available for compliance with the relevant condition under Notification No. 8/2016-Customs. The amendment also renumbers the later proviso by replacing "Provided further that" with "Provided also that" to align the drafting after insertion of the new proviso. The operative effect is to introduce discretionary time extension for eligible event-related imports covered by the exemption notification.
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