India exempts import duty on goods for FIFA U17 World Cup
The Union government has exempted import duty on a wide range of goods and sports items for the upcoming FIFA U-17 World Cup India. The goods include all sports equipment and sports requisites, fitness equipment, team uniform, spares, accessories, first aid kits, doping control equipment and broadcast equipment and supplies.
The Union government has exempted import duty on a wide range of goods and sports items for the upcoming FIFA U-17 World Cup India.
The government in an official notification stated, “All sports goods, sports equipment and sports requisites, fitness equipment, team uniform/clothing, spares, accessories and consumables of the same will be exempt from the whole of the duty of customs leviable subject to certain conditions”.
Some other items that have been exempted from the import duty include:
• Doping control equipment
• First aid kits
• Satellite phones/GPS
• Dining/kitchen items
• Office consumables,
• Broadcast equipment and supplies
The mentioned goods will also be exempt from the integrated tax levied under the GST.
However, the importers will have to furnish undertakings that all the goods, excluding gift items, souvenirs, mementos will be re-exported within three months of the conclusion of the World Cup, according to a notification issued recently by the Central Board of Excise and Customs (CBEC).
About FIFA U-17 World Cup
• The FIFA event, first-ever one to be held in India, will see 24 nations fight it out to win the much-desired trophy.
• This year, it would be the tournament’s 17th edition and it would go by the slogan ‘Football takes over’.
• A total of 52 matches will be played starting 6 October 2017 with the final one scheduled to be held at Salt Lake Stadium in Kolkata on 28 October 2017.
• The matches would be spread evenly across six cities of India including New Delhi, Margao, Kochi, Guwahati, Kolkata and Navi Mumbai.
• India being the host country, has automatically qualified for the cup.
• Other nations participating in the esteemed tournament include Brazil, Spain, Germany, France, USA, England, Paraguay, Japan and Korea DPR.