Exempts work of art imported for exhibition in a public museum or national institution

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....e of the powers conferred by sub-section (1) of section 25 of the Customs  Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts goods of the description specified in column (2) of the Table below and falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)(herein after referred t....

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....ition in a museum or art gallery 1 3.             Works of art namely memorials of a public character intended to be put up in a public place including, materials used or to be used in their construction, whether worked or not 1 4.              ^1[Antiquiti....

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....ted shall be used for public exhibition and shall not be sold or traded after importation and that in case of failure to comply with this condition, he shall be liable to pay, in respect of such quantity of the said goods as is proved to be not being so used for the specified purposes, an amount equal to the duty leviable on such quantity but for the exemption under this notification; and (iii)....

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....al institution" 2.  Substituted vide Not. 43/2017 - Dated 30-6-2017, w.e.f.  1st day of July, 2017, before it was read as, " additional duty leviable thereon under section 3, " 3. S. No. 1 and 5 omitted vide Not. 43/2017 - Dated 30-6-2017, w.e.f.  1st day of July, 2017, before it was read as,  1.          &nb....