Air-conditioned coaches exemption narrowed; cars removed and CIF-value test confined to coaches by notification amendment. The notification amends the exemption to restrict its scope to air-conditioned coaches imported by specified importers for tourist transport, removing air-conditioned cars from the description and specifying that the exemption covers the whole of the additional duty leviable under the Customs Tariff Act for coaches. It further replaces the previous CIF-value thresholds for cars and coaches with a single CIF-value cap applicable only to air-conditioned coaches per vehicle.
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.
Air-conditioned coaches exemption narrowed; cars removed and CIF-value test confined to coaches by notification amendment.
The notification amends the exemption to restrict its scope to air-conditioned coaches imported by specified importers for tourist transport, removing air-conditioned cars from the description and specifying that the exemption covers the whole of the additional duty leviable under the Customs Tariff Act for coaches. It further replaces the previous CIF-value thresholds for cars and coaches with a single CIF-value cap applicable only to air-conditioned coaches per vehicle.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
