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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>India Grants Customs Duty Exemption for Goods Under Import-Export Pass Book Scheme, Effective April 1, 1988</h1> The notification provides an exemption from customs duty for goods imported into India under the Import-Export Pass Book Scheme, effective April 1, 1988. The exemption applies to goods used in manufacturing products for export, including mandatory spares, provided certain conditions are met. These include possession of an Import-Export Pass Book, compliance with import licensing requirements, and adherence to specified import and export procedures. The goods must be used solely for the intended purpose and cannot be sold or transferred otherwise. The notification also outlines specific ports and airports for import and export and limits the import of mandatory spares to 5% of the Import Licence value.
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