Exhibits import eased - BG only for 100% of value and re-export bond- Facility not available for individual display

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....ubject :  Duty free clearance of goods imported for display or use at fair, exhibition, etc. - submission of bond & bank guarantee - regarding. I am directed to refer to customs notification No. 3/89- Cus., dated 9.1.89 as amended from time to time, which provides for duty free clearance  of goods imported for display or use at fair, exhibition, demonstration, seminar, etc. on the bas....

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.... & to safeguard government revenue in such cases the clearances of  goods imported for fair, exhibition etc. under Notification 3/89-Cus., dated 9.1.89 may be allowed after accepting re - export bond for 150% of the value of the goods to be backed by Bank Guarantee for 100% of the duty amount. 4.  The above instructions are applicable only for the goods imported for display at fairs, ....