CBIC notifies Customs Duty Free Import of Commercial Samples Not Exceeding Total Value of Rs. 3L [Read Notification]

Through this notification, the government has increased the value of commercial sample goods which can be imported duty free

By Navasree A.M - On July 25, 2024 1:26 pm - 2 mins read

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The Central Board of Indirect taxes and Customs ( CBIC ) has notified the duty free import of Commercial Samples not exceeding total value of Rs. 3 lakhs. The board, vide notification number 29/2024-CUSTOMS dated 23rd July 2024 has conveyed the same. The notification came into force on 24th July 2024.

The amendment words in the notification is as follows:

“In the said notification, in the TABLE, against S.No.3, in column 3, in condition (v), in clause (A), in subclause (b), for the letters, figures, brackets and words “Rs.1,00,000 (One lakh)”, the letters, figures, brackets and words “Rs.3,00,000 (Three lakhs)” shall be substituted.”

TABLE

S. No.	Description of goods	Conditions
(1)	(2)	(3)
3.	Commercial samples	……. (v) The importer at the time of importation – (A) declares that – (a) the samples have been imported into India solely for the purpose of being shown in India for the guidance of exporters or for securing or executing an export order; (b) the total import value of sample does not exceed ~~Rs 1,00,000 (One lakh)~~ Rs. 3,00,000 (Three lakhs) or 0.25% of average value of three immediately preceding years exports whichever is lower, in the case the sample is related to gem and jewellery industry imported by exporter of gem and jewellery, as the case may be and Rs 3,00,000 (Three Lakhs) in case of any other import of commercial samples and such sample shall not exceed 50 units in number, within a period of last twelve months; and