Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Gem and Jewellery - Export by 100% EOUs - Amendment to Notification Nos. 3/88-Cus., 277/90-Cus. and 177/94-Cus.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the Table hereto annexed shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in column (3) of the said Table. TABLE S. No. Notification No. and date Amendment (1) (2) (3) 1. 3/88-Customs, dated In the said notification, - the 14th January, 1988 (1) in opening paragraph, - (a) in the end of condition (vi), the following `Explanation' shall be inserted, namely :- "Explanation. - For the purposes of condition (vi), duty of customs leviable on said goods in respect of gold and silver shall be limited to the duty as specified under notific .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ereof unstudded shall include `Mangal Sutra' containing gold and black beads."; (e) for condition (xiv), the following condition shall be substituted - "(xiv) the export and import under this notification of the said goods other than capital goods may be made by air-freight through Delhi Airport or through post parcel and the export under this notification may also be made through authorized couriers as per procedure prescribed by the Commissioner of Customs : Provided that the Free on Board value of any consignment through the authorized courier shall not exceed rupees twenty lakhs."; (f) Condition (xvi) shall be omitted; (2) in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nufacturing process may be cleared to the Domestic Tariff Area on payment of duty as specified in the notification of the Government of India, Ministry of Finance, Department of Revenue, No. 80/97-Customs, dated 21st October, 1997 on the gold or silver content, as the case may be, in the said scrap, dust or sweepings;"; (c) in the Table below condition (xiv), in column (1) against `e', for the words "Chain manufactured", the words "Chain and Bangles manufactured" shall be substituted; (d) in the `Explanation' to the condition (xiv), after clause (c), the following clause shall be inserted, namely :- (d) The expression "Plain jewellery and articles thereof uns .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . 177/94-Customs, dated the 21st October, 1994 In the said notification, - (1) in the opening paragraph, - (a) for the first proviso to the condition (8), the following proviso shall be substituted, namely :- "Provided that scrap, dust or sweepings of gold or silver arising in the manufacturing process may be forwarded to the Government Mint by the importer for conversion into standard gold or silver bars as the case may be, and return to the said Zone in accordance with the procedure specified by the Commissioner of Customs in this regard or such scrap, dust or sweepings of gold or silver arising in the manufacturing process may be cleared .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... xceed rupees twenty lakhs." (2) after paragraph 3, the following paragraph shall be inserted, namely, - "4. For the purposes of this notification, the duty of customs leviable on gold and silver imported by the importer shall be limited to the duty specified under notification of the Government of India, Ministry of Finance, Department of Revenue, No. 80/97-Customs, dated the 21st October, 1997."; (3) in the Annexure-I after item number 12 and the entries relating thereto, the following item number and entries shall be inserted, namely :- "13. Old plain gold jewellery, old plain platinum jewellery, and old plain silver jewellery f .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates