Amendment in the Notification No. 157/1990-Customs, dated the 1st March, 2006 (Exemption to specified goods imported for display or exhibition, fair demonstration etc.) - 055/2007

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<h1>India Amends Notification on Customs Duty Exemptions: Prior Approval Replaced with Compliance per Customs Act, 1962</h1> The Government of India has amended Notification No. 157/1990-Customs, initially issued on March 1, 2006, concerning exemptions for specified goods imported for display, exhibition, or similar purposes. The amendment modifies the proviso to condition (5) in the notification, replacing the requirement for prior approval from the Government of India for customs duty payment with compliance according to applicable laws and payment of the relevant customs duties. This change aims to streamline the process in the public interest, as per the powers granted under the Customs Act, 1962.

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