Agreement between the India-Taipei Association in Taipei (ITA) and the Taipei Economic and Cultural Center in India (TECC) on the FICCI / TAITRA Carnet for the Temporary Admission of Goods - 10/2014 - Customs -Tariff
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FICCI/TAITRA Carnet: duty free temporary importation allowed for qualifying events subject to carnet, guarantee, and re export rules. The Notification exempts Schedule I goods imported for display or use at Schedule II events from customs duty and integrated tax/GST compensation cess when imported under a FICCI/TAITRA Carnet issued per the India-Taipei Agreement and guaranteed by FICCI; goods must match the Carnet's certified description and be re exported within six months (extendable by up to six months); FICCI is liable for duties if goods are not exported, subject to lawful domestic sale exceptions; goods by post are excluded and the notification is effective on Gazette publication.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
FICCI/TAITRA Carnet: duty free temporary importation allowed for qualifying events subject to carnet, guarantee, and re export rules.
The Notification exempts Schedule I goods imported for display or use at Schedule II events from customs duty and integrated tax/GST compensation cess when imported under a FICCI/TAITRA Carnet issued per the India-Taipei Agreement and guaranteed by FICCI; goods must match the Carnet's certified description and be re exported within six months (extendable by up to six months); FICCI is liable for duties if goods are not exported, subject to lawful domestic sale exceptions; goods by post are excluded and the notification is effective on Gazette publication.
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