Customs duty exemption for amusement park equipment allows reduced import duty for park setup, subject to licence and use restriction. Exempts fairground amusements and parts under Heading 95.08 imported to set up amusement parks from customs duty above a prescribed ad valorem rate and from the additional duty under the customs tariff, subject to production of an import licence under the Import-Export Policy and an undertaking that the goods will remain in the importer's possession, control and used for the imported purpose and not be sold or parted with for a specified retention period, with liability to pay the duty differential on breach.
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.
Customs duty exemption for amusement park equipment allows reduced import duty for park setup, subject to licence and use restriction.
Exempts fairground amusements and parts under Heading 95.08 imported to set up amusement parks from customs duty above a prescribed ad valorem rate and from the additional duty under the customs tariff, subject to production of an import licence under the Import-Export Policy and an undertaking that the goods will remain in the importer's possession, control and used for the imported purpose and not be sold or parted with for a specified retention period, with liability to pay the duty differential on breach.
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