Customs exemption for imported bank notes removes applicable customs and additional duties on such imports. The Central Government exempted printed Indian bank notes imported into India by the Reserve Bank of India from the whole of the duty of customs specified in the First Schedule to the Customs Tariff Act and from the whole of the additional duty leviable under the Customs Tariff Act, on the stated ground of public interest; the exemption instrument was later rescinded by a subsequent notification.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for imported bank notes removes applicable customs and additional duties on such imports.
The Central Government exempted printed Indian bank notes imported into India by the Reserve Bank of India from the whole of the duty of customs specified in the First Schedule to the Customs Tariff Act and from the whole of the additional duty leviable under the Customs Tariff Act, on the stated ground of public interest; the exemption instrument was later rescinded by a subsequent notification.
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