TMI BlogExemption to specified goods imported for manufacture of jewellery for export by hundred per cent export oriented undertakingX X X X Extracts X X X X X X X X Extracts X X X X ..... when imported into India for the purposes of use in the manufacture of jewellery for export out of India, by or on behalf of a hundred per cent export oriented undertaking, from the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), and from the whole of the additional duty, if any, leviable thereon under section 3 of the said Customs Tariff Act, subject to the following conditions, namely :- (i) the importer, having undertaken to export out of India annually a minimum of rupees fifty crores worth of jewellery in the second year of commencement of production, has been authorised to establish a hundred per cent, export-oriented undertaking for the purpose of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds as are not proved to the satisfaction of the Assistant Collector of Customs to have been used in the manufacture of the jewellery for export; (viii) the importer agrees to bring the said goods into the said undertakings and use them within the undertaking in the manufacture of jewellery for export out of India; (ix) the importer agrees to export out of India all the jewellery manufactured within the said undertaking for the period stipulated by the Board of Approval or such extended period as may be specified by the Board of Approval; (x) on expiry of the period specified in condition (ix), the importer shall pay the following duties, namely :- (a) duty of customs on capital goods on depreciated value but at the rates of duty of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons as the Collector of Customs may think fit to specify and in the case of findings and mountings and the like, the loss allowed shall be determined on the basis of the weight of the gold content of each findings, mountings and the like exported; (xv) the import and export of the said goods, other than the capital goods, under this notification shall be allowed only by air-freight through the Customs Airports at Bombay, Calcutta, Madras, Trivandram and Delhi. Explanation . - For the purposes of this notification, - (a) "Board of Approval" means the Board appointed in this behalf by the Central Government in exercise of the powers conferred by section 14 of the Industries (Development and Regulation) Act, 1951 (65 of 1951) and the ru ..... X X X X Extracts X X X X X X X X Extracts X X X X
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