Customs exemption for tourist transport vehicles grants reduced import duty subject to usage, resale and certification conditions. Air-conditioned cars and coaches imported by specified importers for tourist transport are exempted from customs duty in excess of a reduced ad valorem rate and from additional duty on coaches, provided the importer furnishes a Director General of Tourism certificate approving quantity and grant, gives an undertaking restricting sale or disposal for five years except to approved importers with prior approval, ensures use for tourist transport, pays any differential duty on breach, pays duty in convertible foreign currency, and the C.I.F. value per vehicle does not exceed the prescribed caps.
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Provisions expressly mentioned in the judgment/order text.
Customs exemption for tourist transport vehicles grants reduced import duty subject to usage, resale and certification conditions.
Air-conditioned cars and coaches imported by specified importers for tourist transport are exempted from customs duty in excess of a reduced ad valorem rate and from additional duty on coaches, provided the importer furnishes a Director General of Tourism certificate approving quantity and grant, gives an undertaking restricting sale or disposal for five years except to approved importers with prior approval, ensures use for tourist transport, pays any differential duty on breach, pays duty in convertible foreign currency, and the C.I.F. value per vehicle does not exceed the prescribed caps.
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