Exemption to Goods imported for display or use at fair, exhibition, or similar show or display etc

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the Government of India in the Ministry of Finance (Department of Revenue) No.116/79-Customs, dated the 1st June, 1979, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods described in Schedule I annexed hereto, when imported into India for display or use at an event specified in Schedule II annexed hereto, 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 additional duty of customs leviable thereon under section 3 of the said Customs Tariff Act, subject to the conditions that, - (1) (a) In the case of any event of exhibition, fair or similar show or display,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....xecution of a bond or an instrument to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs to re-export the goods within a period of six months from the date of official closure of the concerned event or within such extended period as the Assistant Commissioner of Customs or Deputy Commissioner of Customs may allow and, in the event of failure to re export as aforesaid, to pay the duty which would have been levied thereon but for the exemption contained herein: Provided that - (i) the requirement of re-export shall not apply to the following goods, namely:- (a) small samples which are representative of foreign goods displayed at an event, including such samples of foods and beverages, either import....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....used up in constructing, furnishing or decorating the temporary stands of foreign exhibitors at an event, such as paint, varnish and wallpaper; (d) printed matter, catalogues, trade notices, price lists, advertising posters, calendars, whether or not illustrated and unframed photographs which are demonstrably publicity material for the foreign goods displayed at an event, subject to the condition that - (A) they are supplied free of charge from abroad and are used solely for distribution free of charge to the visiting public at the event, and (B) the aggregate value and quantity of such goods are, in the opinion of the Assistant Commissioner of Customs or Deputy Commissioner of Customs reasonable having regard to the nature of the event,....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... (ii) Goods imported under this notification may be disposed off otherwise than by re exportation, and in particular may be entered for home consumption, under and in accordance with any law applicable to such goods and on payment of the duties of customs which are payable in respect of such goods. 2. Nothing contained in this notification shall apply in respect of the following goods imported as samples in accordance with proviso (i) to condition (2) of paragraph 1 above, namely:- 1. Gems and jewellery, all types. 2. Drugs and medicines. 3. Consumer electronic goods, all types. 4. Textiles and readymade garments. 5. Clocks and watches. 2[3. Notwithstanding anything contained in the preceding paragraphs, the exemption contained in th....