https://www.taxtmi.com/news?id=1636 Full exemption from import duty for works of art is extended to exhibitions in private galleries open to the public, subject to conditions. Clarificatory amendments define coking coal specifications (exempt) versus non coking coal (dutiable) and narrow the definition of a Completely Knocked Down (CKD) unit to exclude pre assembled engines, gearboxes or transmissions. Water supply projects are confirmed to include pumping and storage facilities. Project Import Regulations' security requirements have been reduced and may be met by bank guarantee, which need not be renewed if finalisation is not completed within six months of documentation submission. en-us Mon, 28 Feb 2011 17:35:01 +0530 Mon, 28 Feb 2011 17:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1636 Full exemption from import duty for works of art is extended to exhibitions in private galleries open to the public, subject to conditions. Clarificatory amendments define coking coal specifications (exempt) versus non coking coal (dutiable) and narrow the definition of a Completely Knocked Down (CKD) unit to exclude pre assembled engines, gearboxes or transmissions. Water supply projects are confirmed to include pumping and storage facilities. Project Import Regulations' security requirements have been reduced and may be met by bank guarantee, which need not be renewed if finalisation is not completed within six months of documentation submission. News - Mon, 28 Feb 2011 17:35:01 +0530 https://www.taxtmi.com/news?id=1636