Import of Commercial samples - Amendment to Notification No. 154/94-Cus. - 75/97 - Customs -Tariff

Import of Commercial samples - Amendment to Notification No. 154/94-Cus. Notification No. 75/97-Cus. Dated 14-10-1997 In exercise of the powers conferred by 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 makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 154/94-Customs, dated the 13th July 1994, namely :- In the said notification, in the Table, for S.No. 3 and the entries relating thereto, the following shall be substituted, namely :- S.No. Description of goods Conditions (1) (2) (3) "3. Commercial samples (i) The said goods have been imported as personal baggage by bona fide commercial travellers or businessmen or imported by post or by air; (ii) The importer produces his Import Export Code Number at the time of import-ation; (iii) The said goods are clearly marked as samples; (iv) The import of the said goods does not exceed Rs. 36,000 in value or 10 units in number, within a period of twelve months; and (v) The importer at the time of importation - (A) declares that - (a) the samples have been imported into India solely for the purpose of being shown in India for the guidance of exporters or for securing or executing an export order; (b) the total import value of samples does not exceed Rs. 36,000 or 10 units in number, within the period of the last twelve months; and (B) produces an undertaking to the Assistant Commissioner of Customs to pay the duty leviable on the said goods but for the exemption contained herein, if the declaration under sub-clause (A) is found to be false."