Notification no 04/2018 Customs date on 18th January, 2018

  

Temporary Import of Professional Equipment and Sports Goods under A.T.A. Carnet.

 

The extract of CUSTOMS Notification No. 04/2018- CUSTOMS is given below:

 

Notification No. 04/2018-CUSTOMS

  

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

 

Government of India

Ministry of Finance

(Department of Revenue)

(Central Board of Excise and Customs)

 

Notification No. 4/2018 - Customs

 

New Delhi, 18^th January, 2018

 

G.S.R. _________(E). - In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods as specified in Schedule given below, when imported into India, from the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and from the whole of the integrated tax leviable thereon under sub-section (7) of section 3 of the said Customs Tariff Act, subject to the conditions that :-

 

(i)                 the said goods are imported under a Carnet guaranteed by the Federation of Indian Chamber of Commerce and Industry in India (hereinafter referred to as

 

FICCI), as per provisions of the Customs Convention on the A.T.A. carnet for

 

Temporary Admission of Goods (A.T.A. Convention) done at Brussels on 8^th June 1961;

 

(ii)              the said goods shall be owned by a natural person resident abroad or by a legal person established abroad;

 

(iii)            the importer of the said goods shall be a natural person resident abroad or a legal person established abroad;

 

(iv)             the said goods shall be capable of identification on re-exportation;

 

(v)               the said goods in all respects conform to the description, quantity, quality, value and other specifications given in the Carnet duly certified by the Customs authorities in the territory of exportation;

 

(vi)             the said goods shall be exported within a period of two months from the date of importation:

 

Provided that if the same goods are re-imported within the said period of two months, the period of two months shall be computed from the date of its first importation under the said Carnet:

 

Provided further that where the Principal Commissioner of Customs or Commissioner of Customs, as the case may be, is satisfied that it is necessary in the public interest so to do, the said period of two months may be extended for a further period not exceeding two months;

 

(vii)          in the event of failure to export the goods within the period specified above FICCI and the importer shall, jointly and severally, be liable to pay the duties of customs leviable on the goods as on the date of import, along with applicable interest:

 

Provided that the liability of the FICCI shall not exceed the amount of the duties of customs by more than ten per cent.

 

1. Nothing contained in this notification shall apply to goods imported through the medium of post.

 

1. This notification shall come into force on the date of its publication in the Official Gazette.

 

Schedule

 

1. A.                Equipment for the press, such as:

 

(i)            personal computers;

 

(ii)            cameras of all kinds (film and electronic cameras);

 

(iii)            sound or image transmitting, recording or reproducing apparatus;

 

(iv)            sound or image recording media, blank or recorded;

 

(v)            testing and measuring instruments and apparatus (oscillographs, tape and video recorder test systems, multimeters, tool boxes and bags, vectorscopes, video generators, etc.);

 

(vi)            lighting equipment (spotlights, converters, tripods); and

 

(vii)            operational accessories (exposure meters, lenses, tripods, accumulators, battery belts, battery chargers, monitors).

 

1. B.                 Sound broadcasting equipment, such as:

 

(i)            telecommunication equipment such as broadcast transmitter-receivers or transmitters;

(ii)            terminals connectable to network or cable, satellite links;

 

(iii)            audio frequency production equipment (sound pick-up, recording or reproducing apparatus);

 

(iv)            testing and measuring instruments and apparatus (oscillographs, tape and video recorder test systems, multimeters, tool boxes and bags, vectorscopes, video generators, etc.);

 

(v)            operational accessories (clocks, stop-watches, compasses, microphones, mixing consoles, sound tapes, generating sets, transformers, batteries and accumulators, battery chargers, heating, air-conditioning and ventilating apparatus, etc.); and

 

(vi)            sound recording media, blank or recorded.

 

1. C.                Television broadcasting equipment, such as:

 

(i)            television cameras;

 

(ii)            telecinema;

 

(iii)            testing and measuring instruments and apparatus;

 

(iv)            transmission and retransmission apparatus;

 

(v)            communication apparatus;

 

(vi)            sound or image recording or reproducing apparatus (tape and video recorders and video reproducers, microphones, mixing consoles, loudspeakers);

 

(vii)            lighting equipment (spotlights, converters, tripods);

 

(viii)            editing equipment;

 

(ix)            operational accessories (clocks, stop-watches, compasses, lenses, exposure meters, tripods, battery chargers, cassettes, generating sets, transformers, batteries and accumulators, heating, air-conditioning and ventilating apparatus, etc.);

 

(x)            sound or image recording media, blank or recorded (credit titles, station call signs, music inserts, etc.);