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
News

Home News News and Press Release Month 9 2008 2008 (9) This

Full Duty Exemption for Bihar Flood Relief Material

2-9-2008
  • Contents

Government has been keeping a close watch on the flood situation in Bihar and has already declared it a "national calamity" and pledged financial assistance.

2. As a further measure of relief, Government has decided to,-

       (i) Fully exempt from basic customs duty and additional duty of customs, goods imported for donation for the relief and rehabilitation of people affected by the floods in Bihar. Since exemption is being provided from basic customs duty and additional duty of customs, such goods would be automatically exempt from 4% CV duty;

     (ii) Fully exempt from basic excise duty, goods donated or purchased out of cash donations for the relief and rehabilitation of people affected by the floods in Bihar.

These exemptions are subject to certification conditions and procedural requirements provided in the notification and would be valid till 28th February, 2009. They come into force with immediate effect.

3. Notifications 101/2008-Customs and 48/2008-Central Excise, both dated 2.9.2008 have been issued in this regard.

Quick Updates:Latest Updates