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
Customs - Highlights / Catch Notes

Home Highlights September 2024 Year 2024 This

This notification rescinds the earlier Notification No. ...


Artworks imported for public museums/institutions to face customs duty from Sep 7, 2024 - policy shift.

Notifications     Customs

September 11, 2024

This notification rescinds the earlier Notification No. 26/2011-Customs which exempted the import duty on works of art imported for exhibition in public museums or national institutions. Consequently, such imports will now attract applicable customs duties. The rescission takes effect from September 7, 2024, barring any actions taken prior to this date under the previous exemption notification. This change indicates a policy shift, potentially aimed at generating revenue or promoting domestic art exhibitions.

View Source

 


 

You may also like:

  1. The Ministry of Finance, Department of Revenue, issued Notification No. 42/2024-CUSTOMS (N.T.) amending Notification No. 62/1994 u/s 7 of the Customs Act, 1962. The...

  2. Notification No. 24/2024-Customs issued to amend specified customs tariff notifications to exempt applicable import duty on imports of desi chana (HS 0713 20 20) up to...

  3. 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...

  4. Exemption from Customs Duty: Notification amends notification No. 50/2017-Customs to insert new entries 544A and 613 in the Table, granting concessional 5% customs duty...

  5. Notification extends exemption condition for imports of Yellow Peas (HS 0713 10 10) to bill of lading issued until 31.12.2024. Imposes 20% export duty on Onions (HS 0703...

  6. This public notice from the Indian Customs Department aims to conduct a sector-specific analysis of the release time for import and export cargo at the Chennai Air Cargo...

  7. Levy of customs duty on import of wheat - rate of duty increased from 20% to 30%

  8. ADD on Aluminium Road Wheels imported from China PR. - Notification No. 07/2024-Customs (ADD), issued by the Ministry of Finance, Department of Revenue on 15th March...

  9. The High Court directed the respondents to consider the petitioners' plea for provisional release of imported secondhand highly specialized equipment - digital...

  10. The Customs Tariff (Identification, Assessment and Collection of Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995 have been...

  11. The Public Notice No. 23/2024 issued by the Office of the Principal Commissioner of Customs (Preventive), Chennai Customs Zone, pertains to the renewal of custodianship...

  12. Authorised Officers u/s 25 read with Section 47 (5) of Food Safety Standards (FSS) Act, 2006 and Regulation 13 (1) of FSS (Import) Regulation, 2017 - Instruction No....

  13. Effective rates of customs duty and IGST for goods imported into India - Customs duty on import of Gold - Seeks to amend Notification No. 50/2017-Customs, dated the 30th...

  14. This circular pertains to the implementation of automation in the Customs (Import of Goods at Concessional Rate of Duty or for Specified End Use) Rules, 2022,...

  15. The Government of India, u/s 14 of the Customs Act, 1962, issued Notification No. 40/2024-Customs (N.T.) on 6th June, 2024, replacing Notification No....

 

Quick Updates:Latest Updates