Exemption to specified goods imported for display or exhibition, fair demonstration etc

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....n Schedule I annexed hereto, when imported into India for display or use at any event specified in Schedule II ^1[***], from the whole of the duty of Customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and from the whole of the ^8[ integrated tax and goods and services compensation cess leviable thereon respectively under sub-section (7) and (9) of section 3 ] of the said Customs Tariff Act, subject to the conditions that:- ^2[(1) ***] (2) the said goods are imported under an ATA Carnet issued in accordance with the Customs Convention of ATA Carnet for temporary admission of goods (hereinafter referred to as the ATA Carnet) and the Carnet is guaranteed by the Federation o....

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....itions or fairs or otherwise disposed of in India in accordance with any law for the time being in force applicable to such goods and on payment of the duties of customs which are payable as on the date of import in respect of such goods, along with applicable interest.]   2. Nothing contained in this notification shall apply to goods imported through the medium of post. 3. This notification shall come into force on the 1st day of May, 1990. SCHEDULE- I GOODS (a) Goods intended for display or demonstration. (b) Goods intended for use in connection with the display of foreign products, including - (i) goods necessary for the purpose of demonstrating machinery or apparatus to be displayed: (ii) Constru....

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....ses in shops or business premises with a view to promote the sale of foreign goods. SCHEDULE-III (EVENTS) ^7[***] ---------------------------- Notes:- 1. Omitted vide Not.58/2016 - Dated 5-10-2016, before it was read as, "or Schedule III" 2. Omitted vide Not.58/2016 - Dated 5-10-2016, before it was read as, "(1) the event specified in Schedule II is being held in public interest and is sponsored or approved by the Government of India or the India Trade Promotion Organisation;" 3. Omitted vide Not.58/2016 - Dated 5-10-2016, before it was read as, "(5) in the event of failure to export the goods within the period specified in condition (4), the Customs duty leviable on the goods as on the date of clearance shall be pai....