Exhibits import eased - BG only for 100% of value and re-export bond- Facility not available for individual display

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..... stoms, New Delhi Subject : Duty free clearance of goods imported for display or use at fair, exhibition, etc. - submission of bond bank guarantee - regarding. I am directed to refer to customs notification No. 3/89- Cus., dated 9.1.89 as amended from time to time, which provides for duty free clearance of goods imported for display or use at fair, exhibition, .....

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..... 3. Some of the Custom Houses insist for Bank Guarantee for 150% of value which is quite on higher side. The matter was examined by Board. In order to maintain uniformity in practice of assessment to safeguard government revenue in such cases the clearances of goods imported for fair, exhibition etc. under Notification 3/89-Cus., dated 9.1.89 may be allowed after accepting re - export .....

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..... ised for private purposes in shops or business premises etc. with a view to promote the sale of foreign machinery and goods even if recommended by ITPO some Government Departments. In such cases the importers should pay full customs duty at the time of clearance can claim drawback under section 74 of the Customs Act, 1962 at the time of the re-export of the goods. 6. The receipt of th .....

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