Temporary import exemption for exhibition goods under ATA Carnet requires re export and creates joint liability if export obligation fails. Exempts specified goods imported for display or demonstration from Customs duty and associated integrated tax and compensation cess when imported under an ATA Carnet guaranteed by the Federation, provided the goods conform to the Carnet particulars, are exported within the temporary period (subject to authorised extension), and, on failure to export, the Federation and importer are jointly and severally liable to pay duties and applicable interest, with a statutory cap on the Federation's liability; postal imports are excluded.
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.
Temporary import exemption for exhibition goods under ATA Carnet requires re export and creates joint liability if export obligation fails.
Exempts specified goods imported for display or demonstration from Customs duty and associated integrated tax and compensation cess when imported under an ATA Carnet guaranteed by the Federation, provided the goods conform to the Carnet particulars, are exported within the temporary period (subject to authorised extension), and, on failure to export, the Federation and importer are jointly and severally liable to pay duties and applicable interest, with a statutory cap on the Federation's liability; postal imports are excluded.
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