Power to grant exemption from duty

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.... duty, under circumstances of an exceptional nature to be stated in such order, any goods on which duty is leviable.] ^4[(2A) The Central Government may, if it considers it necessary or expedient so to do for the purpose of clarifying the scope or applicability of any notification issued under sub-section (1) or order issued under sub-section (2), insert an explanation in such notification or order, as the case may be, by notification in the Official Gazette, at any time within one year of issue of the notification under sub-section (1) or order under sub-section (2), and every such explanation shall have effect as if it had always been the part of the first such notification or order, as the case may be.] ^1[(3) An exemption under su....

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....be reckoned from the 1st day February, 2021.] ^12[Provided further that nothing contained in this sub-section shall apply to any such exemption granted to, or in relation to,- (a) any multilateral or bilateral trade agreement; (b) obligations under international agreements, treaties, conventions or such other obligations including with respect to United Nations agencies, diplomats and international organisations; (c) privileges of constitutional authorities; (d) schemes under the Foreign Trade Policy; (e) the Central Government schemes having validity of more than two years; (f) re-imports, temporary imports, goods imported as gifts or personal baggage; (g) any duty of custom....

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....3 2.  Inserted vide Section 99 of the Finance (No. 2) Act, 1998 w.e.f. 01-08-1998 3.  Substituted vide Section 102 of the Finance Act, 1999 w.e.f. 11-05-1999 before it was read as, "(2) If the Central Government is satisfied that it is necessary in the public Interest so to do, it may, by special order in each case, exempt from the payment of duty, under circumstances of an exceptional nature to be stated in such order, any goods on which duty is leviable."  4.  Inserted vide Section 119 of the Finance Act, 2002 w.e.f. 11-05-2002 5.  Inserted vide Section 119 of the Finance Act, 2002 w.e.f. 11-05-2002 6.  Substituted vide S....