Exemption / Concessional rate of customs duty / IGST in respect of temporary import of goods (on lease) to be re-exported subject to specified condition https://www.taxtmi.com/notifications?id=121471 Exemption covers leased machinery, equipment or tools temporarily imported for contract execution, subject to declaration at import, classification under specified service entries, re-export within prescribed periods or approved extensions, and execution of a bond with bank guarantee. The bond obliges the importer to pay integrated tax on related services, re-export the goods within the stipulated period, present goods for identification before re-export, and pay any balance customs duty with interest if re-export is not completed within the allowed timeframe. Goods under this concession are not eligible for drawback. en-us Wed, 16 Aug 2017 00:00:00 +0530 Mon, 21 Sep 2020 11:42:00 +0530 TaxTMI RSS Generator Exemption / Concessional rate of customs duty / IGST in respect of temporary import of goods (on lease) to be re-exported subject to specified condition https://www.taxtmi.com/notifications?id=121471 Exemption covers leased machinery, equipment or tools temporarily imported for contract execution, subject to declaration at import, classification under specified service entries, re-export within prescribed periods or approved extensions, and execution of a bond with bank guarantee. The bond obliges the importer to pay integrated tax on related services, re-export the goods within the stipulated period, present goods for identification before re-export, and pay any balance customs duty with interest if re-export is not completed within the allowed timeframe. Goods under this concession are not eligible for drawback. Notifications Customs Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=121471