TMI BlogImport of Gold by ‘eligible passengers’ in terms of Notification No. 12/2012- Cus dated 17.03.2012 (Sl. No 321)-reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... Delhi, dated 06th March, 2014 To, All Chief Commissioners of Customs/Customs (Preventive) All Chief Commissioners of Customs and Central Excise All Commissioners of Customs/Customs (Preventive) All Commissioners of Customs and Central Excise All Director Generals under CBEC Sir/ Madam, Subject: Import of Gold by eligible passengers in terms of Notification No. 12/2012- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing the aforesaid period of 6 months shall be ignored if the total duration of stay does not exceed 30 days. Further, the benefit of notification is available only if the passenger has not availed of this exemption in any of such short visits. 2. It has come to the notice of the Board that there has been a spurt in import of gold by eligible passengers through various airports in the recent pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... following: (i) The engraved serial number of gold bars must be invariably mentioned in the baggage receipt issued by Customs. (ii) In case of gold in any other form, including ornaments, the eligible passenger must be asked to declare item wise inventory of the ornaments being imported. This inventory, duly signed and duly certified by the eligible passenger and assessing officer, should ..... X X X X Extracts X X X X X X X X Extracts X X X X
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