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The MoF notification exempts works of art and antiques from Basic Customs Duty when imported for public exhibition in museums or art galleries. Exemption is contingent upon the importer being the museum/gallery establishment, submitting an undertaking that imported items will not be sold or traded, and obtaining a certification from an Authorized Officer confirming unrestricted public access. Additionally, antiquities must be registered with the Archaeological Survey of India within 90 days of importation. The exemption applies to statuary, pictures, public memorials, and items defined as "antiquity" under the Antiquities and Art Treasures Act, 1972, subject to specified conditions.
The MoF notification exempts works of art and antiques from Basic Customs Duty when imported for public exhibition in museums or art galleries. Exemption is contingent upon the importer being the museum/gallery establishment, submitting an undertaking that imported items will not be sold or traded, and obtaining a certification from an Authorized Officer confirming unrestricted public access. Additionally, antiquities must be registered with the Archaeological Survey of India within 90 days of importation. The exemption applies to statuary, pictures, public memorials, and items defined as "antiquity" under the Antiquities and Art Treasures Act, 1972, subject to specified conditions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
