CBIC exempts Basic Customs Duty on Works of art and Antiques

CBIC has exempted basic customs duty on artworks and antiques imported for public exhibitions, aligning with the Finance Ministry's notification. The exemption covers paintings, sculptures and archaeological items certified by the Ministry of Culture for temporary display. Importers must submit detailed item lists and re-export bonds. Commercial imports remain subject to regular duties, with strict valuation checks to prevent misuse. The move supports government efforts to position India as a global arts hub while protecting domestic art markets.