Exemption to goods of foreign origin imported for repairs and return -Theatrical equipments including costumes imported by visiting foreign troupes, pontoons for speedy loading and unloading of imported goods -Photographic, filming audio, video and radio equipments and tapes imported for short films, feature films and documentaries, goods for mountaineering expeditions - Tags or labels or printed polythene bags for use on articles for export.
In exercise of the powers conferred under sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do hereby exempts goods (hereinafter referred to as the said goods) of the description specified in column (2) of the Table hereto annexed and falling within the First Schedule to the Customs Tariff Act, 1975 (51 of 1975)/ when imported into India, from the whole of the duty of customs leviable thereon specified in the said Schedule and from the whole of the integrated tax leviable thereon under sub-section (7) of section 3 of the second mentioned Act subject to the conditions, if any, laid down in the corresponding entry in column (3) thereof.
TABLE
(a) the mountaineering expedition had been approved by the said Foundation; (b) the said Foundation has obtained clearance of the Government of India in respect of the said expedition, and
(c) the goods imported are for the bona fide requirements of the expedition; and (iii) an undertaking is given by the Indian Mountaineering Foundation,New Delhi, to the effect that-
(a) the goods except such of the consumable stores as may be consumed or other articles as may be lost during the course of the expedition in India or mountaineering equipments as are purchased by the Indian Mountaineering Foundation, New Delhi with the prior approval of Ministry of Finance (Department of Revenue) shall be re-exported within six months from the date of their importation or within such extended period as the Assistant Commissioner of Customs or Deputy Commissioner of Customs may allow; and (b) in the event of the failure to re-export as aforesaid, duty which would have been levied on such goods but for the exemption contained herein, shall be paid.
amended by Notification No. 101/95-Cus.,dated 26-5-1995,Not. 43/2017 - Dated 30-6-2017.