TMI BlogExemption to gold, silver and platinum imported under specified schemesX X X X Extracts X X X X X X X X Extracts X X X X ..... d that it is necessary in the public interest so to do, 10 [ hereby exempts silver, gold and platinum of the description specified in column (3) of the Table below falling under headings 71.06,71.08 and 71.10 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India under the scheme specified in column (2) of the said Table, from so much of the duty of customs leviable thereon under the said First Schedule as specified in the corresponding entry in column (4) of the said Table, and from the whole of the additional duty leviable thereon under sub-sections (1), (3) and (5) of section 3 of the said Customs Tariff Act:- TABLE Sl. No. Scheme under Foreign Trade Poli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t provisions of the Handbook of Procedures, Volume-1 and produces such documents as stipulated in the Foreign Trade Policy and the Handbook of Procedures, Volume-1 and produces such proof of exports made through exhibitions /export promotion tours etc, as may be required by the Assistant Commissioner of Customs or the Deputy Commissioner of Customs to satisfy himself with regard to eligibility of the importer for the duty free import of replenishment material: 7 [ 3 [ Provided further that in the case of import of gold / silver / platinum under the scheme for 'Export Against Supply by Nominated Agencies', the importer executes a bond in such form and for such sum as may be specified by the Assistant Commissioner of Customs or D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 09-14, dated the 19th August, 2011, para 4.41 of the Foreign Trade Policy (2015-20) and para 4.94 of the Hand Book of Procedures (2015-20), as applicable and ] as amended from time to time, issued by Director General of Foreign Trade Explanation .- for the purpose of this notification,- 22 [ (a) Foreign Trade Policy means Foreign Trade Policy, 2023 notified by the Government of India, Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub- section (ii) vide Notification No 1/2023, dated the 31st March, 2023 ] 23 [ (b) Handbook of Procedures means Handbook of Procedures, 2023 notified by the Government of India in the Ministry of Commerce and Industry published in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate of issue of gold / silver / platinum to the exporters, or such extended period as the Assistant Commissioner of Customs of Deputy Commissioner of Customs, on sufficient cause being shown may allow, and binding himself to pay on demand duty on quantity of gold/silver/ platinum representing the different between the quantity issued and that contained in the exported jewellery or articles: 4. Substituted vide Not. 33/2015 - Dated 15-5-2015 , before it was read as, (a) 'Foreign Trade Policy' means Foreign Trade Policy, 2009 - 2014, notified by the Government of India in the Ministry of Commerce and Industry published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub section (ii) vide notification No. 1/2009-20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /2018 Customs dated 29-11-2018 10. Substituted vide Notification No. 28/2019 Customs dated 02-09-2019 before it was read as hereby exempts silver, gold and platinum, falling under heading Nos. 71.06, 71.08 and 71.10 respectively of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), when imported into India,- (a) as replenishment under the Scheme for 'Export through Exhibitions/Export promotion Tours/Export of Branded Jewellery' as referred to in 1 [ paragraph 4.46 ] of the Foreign Trade Policy , read with relevant provisions of chapter 4 of the Handbook of Procedures, Volume 1, or (b) under the Scheme for 'Export Against Supply by Nominated Agencies' as referred to in 2 [ paragraph ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 48/2022-Customs dated 07-09-2022 18. Substituted vide NOTIFICATION NO. 48/2022-Customs dated 07-09-2022 before it was read as, Policy circular No. 77 (RE-2008)/2004-09 dated 31 st March,.2009 19. Substituted vide Notification No. 09/2023-Customs dated 01-02-2023 w.e.f. 02-02-2023 before it was read as, 16 [ 11.85% ] 14 [ 6.1% ] 20. Substituted vide Notification No. 28/2023 Customs, dated 01.04.2023 , before it was read as, 4.46 21. Substituted vide Notification No. 28/2023 Customs, dated 01.04.2023 , before it was read as, 4.41 22. Substituted vide Notification No. 28/2023 Customs, dated 01.04.2023 , before it was read as, 4 [ (a) Foreign Trade Policy means Foreign Trade Policy, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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