(i) Sale of exhibits of restricted items mentioned in ITC(HS) imported for an international exhibition / fair organised/approved / sponsored by the India Trade Promotion Organisation (ITPO) may also be made, without a licence, within the bond period allowed for re-export, on payment of the applicable customs duties, subject to a ceiling limit of Rs. 5 lakhs (CIF) for such exhibits for each exhibitor. However, sale of exhibits of items which were freely imported shall be made, without a licence, within the bond period allowed for re-export on payment of applicable customs duties.

(ii) If goods brought for exhibition are not re-exported or sold within the bond period due to circumstances beyond the control of the importer, the customs authorities may allow extension of the bond period on merits.