Bond or Security to be submitted to Customs or ATA Carnet for temporary import/export of exhibits: DGFT

New Delhi, Sept 22 (KNN) For temporary import and export of exhibits without Authorisation, the condition of submitting of both the bond as well as security to Customs and ATA Carnet have been replaced by either bond/ security to Customs or ATA Carnet, DGFT has said.
 
The Directorate General of Foreign Trade (DGFT) has amended the Para 2.63 of Hand Book of Procedure, 2015-20.
 
Earlier, it said, “Import / export of exhibits, which are freely importable/exportable, including construction and decorative materials required for the temporary stands of foreign / Indian exhibitors at exhibitions, fair or similar show or display for a period of six months on re-export / re-import basis, shall be allowed without an Authorisation on submission of a bond/ security to Customs and ATA Carnet.”
 
After the amendment, the revised para said, “Import / export of exhibits, which are freely importable/exportable, including construction and decorative materials required for the temporary stands of foreign / Indian exhibitors at exhibitions, fair or similar show or display for a period of six months on re-export / re-import basis, shall be allowed without an Authorisation on submission of a bond/ security to Customs or ATA Carnet.” (KNN Bureau)