Seeks to exempt works of art and antiques from Basic Customs Duty.

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....962), 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) (hereinafter referred to as the said Act), when imported into India, from the whole of the duty of customs leviable thereon specifi....

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....asures Act, 1972" that is intended for public exhibition in any museum or art gallery 1 and 2 ANNEXURE Condition No. Condition 1.  If,- i. the establishment operating such a museum or an art gallery is itself the importer being the purchaser or owner of such works of art or antiques; ii. the importer submits an undertaking before the Assistant Commissioner of customs or the Deputy C....