Eligibility for concessional customs treatment requires one-year foreign residence and payment from foreign remittance. The amendment conditions concessional customs treatment on an Indian citizen residing abroad for at least one year, requiring an affidavit before a Notary and passport copy at clearance; customs duty must be paid from foreign exchange remitted into India by that citizen; evidence of residence and remittance must be produced to the Assistant Collector of Customs at importation; short visits totalling up to three months are ignored, with the Collector empowered to condone excess stays for sufficient cause.
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.
Eligibility for concessional customs treatment requires one-year foreign residence and payment from foreign remittance.
The amendment conditions concessional customs treatment on an Indian citizen residing abroad for at least one year, requiring an affidavit before a Notary and passport copy at clearance; customs duty must be paid from foreign exchange remitted into India by that citizen; evidence of residence and remittance must be produced to the Assistant Collector of Customs at importation; short visits totalling up to three months are ignored, with the Collector empowered to condone excess stays for sufficient cause.
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 
