Customs exemption for foreign correspondents: specified equipment imports exempted from excess and additional duty subject to certification and undertaking. The Central Government exempts specified press and broadcasting equipment imported by accredited foreign correspondents from customs duty in excess of a prescribed base rate and from additional duty, subject to production of a Press Information Bureau certificate confirming accreditation, free supply and continuing ownership by the foreign organisation, single-unit importation, non-repetition of benefit for the same goods, recommendation for exemption, and an undertaking that the goods will remain in the importer's possession and not be transferred without prior permission of the Ministry of Finance.
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 exemption for foreign correspondents: specified equipment imports exempted from excess and additional duty subject to certification and undertaking.
The Central Government exempts specified press and broadcasting equipment imported by accredited foreign correspondents from customs duty in excess of a prescribed base rate and from additional duty, subject to production of a Press Information Bureau certificate confirming accreditation, free supply and continuing ownership by the foreign organisation, single-unit importation, non-repetition of benefit for the same goods, recommendation for exemption, and an undertaking that the goods will remain in the importer's possession and not be transferred without prior permission of the Ministry of Finance.
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 
