Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Bill - Highlights / Catch Notes

Home Highlights July 2024 Year 2024 This

Notification 38/2024 Customs extends the duration for export of ...


Customs extends aircraft/vessel export for repair from 6 months to 1 year. Duty-free re-import period rises from 3 to 5 years.

July 27, 2024

Notes     Bill

Notification 38/2024 Customs extends the duration for export of aircraft and vessels imported for maintenance, repair and overhauling from 6 months to 1 year, further extendable by 1 year. Notification 39/2024 Customs increases the time-period for duty-free re-import of goods exported under warranty from 3 years to 5 years, further extendable by 2 years. Notification 31/2024 Customs amends the India-UAE CEPA Tariff notification regarding duty rates on precious metals.

View Source

 


 

You may also like:

  1. Retrospective exemption granted from payment of any customs duty on import of "Rough diamonds (industrial or non-industrial)" for the period 1.7.2017 to 1.2.2022....

  2. Para 6.06(c)(ii) of HBP 2023 amended export obligation period against import of items covered by Chapter 9 of ITC(HS) and coconut oil from 90 days to 6 months from date...

  3. CESTAT Bangalore held that goods of foreign origin imported for repairs and return are eligible for exemption under the Notification No.153/1994. The appellant imported...

  4. Central Government amended Notification No. 50/2017-Customs by removing condition no. 84 for entries under S.No. 551 and 555 in exercise of powers under Section 25(1) of...

  5. Re-import of export goods for repair - failure to export within 6 months - re-import will fall even in the general duty-free import allowed for EOU under notification No....

  6. This notification seeks to extend the levy of countervailing duty on "Continuous Cast Copper Wire Rod" originating in or exported from Indonesia, Malaysia, Vietnam, and...

  7. Notification 52/2003-Cus dated 31.03.2003 governs the re-import of goods after export. Sr. No. 14 allows re-import for repair/reconditioning within 3/7 years,...

  8. The Central Government amended notification No. 153/94-Customs under Section 25(1) of the Customs Act, 1962, and Section 3(12) of the Customs Tariff Act, 1975. The...

  9. Exemption from IGST - Re-import of aircrafts and parts thereof after repairs - the meaning assigned to duty of customs, as discussed above, is the meaning assigned to...

  10. Re-import for repair - export after repair after 6 months - since the bond executed for the purpose of Notification No. 158/95 has been extended it is as good as the...

  11. 100% EOU - demand of customs duty on the raw material imported duty free - removal of finished goods in DTA without having any permission from the Development...

  12. Exemption form IGST - aircrafts and parts thereof re-imported into India after repairs - the absence of mention of integrated tax and compensation cess in column (3)...

  13. Duty Drawback - petitioner is unable to produce export realization within 6 months from the date of export - In case export proceeds are realized within extended period,...

  14. Duty demand u/s 28(1) of Customs Act, 1962, upon importer and transferee of license issued by DGFT - Liability of transferee for fraudulently obtained license - Levy of...

  15. The CESTAT held that the customs authorities lacked the legal authority to impose duty liability or confiscate the salvage equipment imported for the MSC Chitra incident....

 

Quick Updates:Latest Updates