Customs - Other notification changes Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024 - Finance Bill

Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024 These changes will be effective from 24.7.2024 S. No. Notification No. Subject 1. 38/2024 Customs dated 23.07.2024 Currently, articles of foreign origin can be imported into India for repairs subject to their re-exportation within six months extendable to 1 year. The duration for export in the case of aircraft and vessels imported for maintenance, repair and overhauling has been increased from 6 months to 1 year, further extendable by 1 year. 2. 39/2024 Customs dated 23.07.2024 The time-period of duty-free re-import of goods (other than those under export promotion schemes) exported out from India under warranty has been increased from 3 years to 5 years, further extendable by 2 years. 3. 31/2024 Customs dated 23.07.2024 The India-UAE CEPA Tariff notification is being amended as consequential changes in duty rates on precious metals. Full Text : Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024