IGST exemption on import of Commercial samples and advertising materials under Notfn 154 of 1994

 

Import duty exemption and IGST exemption on importation as per Customs Notification 154/94 dt 13.07.1994


Click here to know GST exempted list

 

 

 

Notification number 154/94-Customs, dated 13.07.1994

 

154/94-Customs, dated 13.07.1994 is valid when introduction of GST in India by July, 2017 for exemption of IGST on imports.

              

IGST and import duty is exempted for the following categories of importation under customs Notification 154/94 dt. 13.07.1994 valid at the time introduction of GST on 1st July, 2017.

 

 

IGST and import duty exempted to import of Samples in accordance with the International Convention   to   facilitate   the   importation   of Commercial Samples and Advertising material drawn up at Geneva and dated the 7th day of November, 1952,                                           

 

Import duty and IGST exempted on importation of Price lists supplied free of charge in accordance with the Convention mentioned above.

 

Import duty and IGST exempted on import of Commercial samples upto Rs.3 lakhs in value in case of gem and jewellery industry and Rs.1 lakh in case of any other industry, and not exceeding 50 units in number in a year, imported as personal baggage by bona fide commercial travellers or businessmen or imported by post or air.

 

No IGST payable on import of Prototypes              of engineering goods     imported as samples for executing or for use in connection with securing export orders subject to mutilation / re-export

 

IGST exempted on importation of  Bonafide commercial samples and prototypes of value upto Rs. 10,000 and supplied free of charge. 

 

The complete information under Customs Notification 154/94 dt 13.07.1994 is extracted here.  Click to read Customs Notification 154/94 dt 13.07.1994   Notification number 154/94-Customs, dated 13.07.1994

 

 

 

Click here to know GST rate on Goods and Services

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

 

Reconciliation of GST tax collection by Accounting Authorities

Reconciliation by GSTN on GST Tax collection

Process of BRN,CIN,CPIN by RBI and Government on GST fund transfer

Fundamental changes GST from existing Tax System

Reconciliation of Reciepts under GST Tax

GST tax accounting code for CGST,SGST,IGST and Additional Tax

Details of Challan for GST Tax payment

CGA suggestions under GST Tax system in India

Accounting system under GST Tax payments

How many major heads of accounts in GST Tax

Recommended instructions to bank for collecting GST Tax

 

 What is Crating in Exports and Imports

 What is CT3 form. How to get CT3. Why CT3 required

 What is customs bonded area in exports and imports       

 What is DDP terms in an export Import Business? 

 What is Dry Port

 What is DTA in export import trade?

What is ECGC and how does ECGC protect exporters?

 What is EPCG How EPCG works in Export Import trade?

 What is Ex-factory terms in Imports and Exports        

Transferability of Bill of Lading

Transhipment - A redefinition                                                    

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

How to get Certificate of Origin non preferential in Manipur?

Office to contact in Maharashtra for Certificates of origin non preferential

How to get Certificate of Origin non preferential in Madhya Pradesh/Chatisgarh

 

 

Office to contact in Kerala for Certificates of origin non preferential

How to get Certificate of Origin non preferential in Karnataka?

Office to contact in Jammu and Kashmir for Certificates of origin non preferential

Guidelines to close an EOU, EHTP or STP units Part 2

Guidelines to close an EOU, EHTP or STP units part 1

How to execute Bank Guarantee or LUT with DGFT

Free Sale and Commerce Certificate used for Medical and Surgical purpose

Export Promotion Council (EPC) and Commodity Boards

List of items and their Crime Controlled ECCNs number, US Department

Conversion of EP copy of shipping bill from one Scheme to another

Exchange rate in e BRC as per Foreign Trade Policy of India

Office to contact in Haryana for Certificates of origin non preferential


Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers