Customs – FTP - Exemptions
SERVED From India – Import of Vehicles: AS per Notification No. ,dated the 11th September,2009, Exemption under this notification shall not be available for import of vehicles even if such vehicles are freely importable under the Foreign Trade Policy.
Now the vehicles which are in the nature of professional equipment (and are not personal vehicles) for use by the service provider in his regular service business shall be permitted.
Advance Authorisation for Annual Requirement: Exemption from safeguard duty and anti dumping duty also granted, subject to certain conditions.
NOTIFICATION NO. , Dated: September 01, 2010