https://www.taxtmi.com/highlights?id=81232 This notification rescinds the earlier Notification No. 26/2011-Customs which exempted the import duty on works of art imported for exhibition in public museums or national institutions. Consequently, such imports will now attract applicable customs duties. The rescission takes effect from September 7, 2024, barring any actions taken prior to this date under the previous exemption notification. This change indicates a policy shift, potentially aimed at generating revenue or promoting domestic art exhibitions. en-us Wed, 11 Sep 2024 20:25:33 +0530 Wed, 11 Sep 2024 20:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=81232 This notification rescinds the earlier Notification No. 26/2011-Customs which exempted the import duty on works of art imported for exhibition in public museums or national institutions. Consequently, such imports will now attract applicable customs duties. The rescission takes effect from September 7, 2024, barring any actions taken prior to this date under the previous exemption notification. This change indicates a policy shift, potentially aimed at generating revenue or promoting domestic art exhibitions. Highlights Customs Wed, 11 Sep 2024 20:25:33 +0530 https://www.taxtmi.com/highlights?id=81232