Motor GST Exempted on Vehicles and Parts Imports by Tourist (Carnet System)

[Customs Notification No. 86 dated 31st December 2018]

Seeks to amend notification no. 296/76 dated 02.08.1976 to exempt temporary importation of private road vehicles from IGST and compensation cess.

In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 296/76-Customs, dated the 2nd August, 1976, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 665 (E), dated the 2nd August, 1976, namely:-

In the said notification, -

(i) in the opening paragraph, after the words, figures and brackets, “the Customs Act, 1962 (52 of 1962)”, the words, brackets and figures, “and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975),” shall be inserted;

(ii) for the words, “additional duty” wherever they occur, the words “integrated tax and goods and services compensation cess”, shall be substituted.

2. This notification shall come into force with effect from the 1st day of January, 2019.

[F. No. 354/432/2018-TRU (Pt-I)]