Customs Duty Exemption for Gem & Jewellery Units in Export Zones: Key Conditions and Compliance Under Customs Act, 1962

The Central Government, under the Customs Act, 1962, exempts specified goods imported by gem and jewellery units in Export Processing Zones or Free Trade Zones from customs duties, provided they are used for manufacturing or packaging for export purposes. Conditions include authorization to establish a unit, necessary permits, maintaining proper import and export accounts, and compliance with Export-Import Policy. The exemption also applies to gold and silver supplied by authorized entities. Goods can be transferred within the same zone, and certain wastage allowances are specified. Previous related notifications are rescinded, but actions under them remain valid.

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