Customs exemption rules updated to align notifications with the Export Import Policy and relax transfer and exchange conditions. Notifications are amended to replace prior policy citations with the Export Import Policy and Handbook of Procedures Volume I, to insert or revise definitions, to reduce specified percentage thresholds to fifteen per cent., and to permit procurement from international exhibitions and exchange of plain precious metal jewellery subject to conditions. Several notifications expand duty free transfer/supply rules for capital goods and specified inputs between export units, SEZs and related parks, introduce contract farming transfer rules with bank guarantee and accountal requirements, and update goods descriptions to include computers and air conditioning systems.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption rules updated to align notifications with the Export Import Policy and relax transfer and exchange conditions.
Notifications are amended to replace prior policy citations with the Export Import Policy and Handbook of Procedures Volume I, to insert or revise definitions, to reduce specified percentage thresholds to fifteen per cent., and to permit procurement from international exhibitions and exchange of plain precious metal jewellery subject to conditions. Several notifications expand duty free transfer/supply rules for capital goods and specified inputs between export units, SEZs and related parks, introduce contract farming transfer rules with bank guarantee and accountal requirements, and update goods descriptions to include computers and air conditioning systems.
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