TMI BlogThis Notification exempts specified goods imported into Special Economic ZoneX X X X Extracts X X X X X X X X Extracts X X X X ..... d to as the said unit) within a Special Economic Zone (hereinafter referred to as the Zone ) as notified by the Government of India in the Ministry of Commerce and Industry, from the whole of the duty of customs leviable thereon which is specified in the said First Schedule and from the whole of the additional duty leviable thereon under section 3 of the said Customs Tariff Act; subject to the following conditions, namely: - (1) The importer has been authorised by the Development Commissioner to establish the said unit in the Zone for the said purpose. (2)The importer has been allowed by Development Commissioner to import the said goods as per the Export and Import Policy. (3) The importer executes a legal undertaking with the Development Commissioner concerned to fulfill the Net Foreign Exchange Earning as a percentage of Exports ( hereinafter referred to as "NFEP") as specified in the Export and Import Policy and the Handbook of Procedures, Vol. I. (4) The importer executes a bond in such form and for such sum as may be prescribed by the Assistant Commissioner of Customs or Deputy Commissioner of Customs, binding himself- (i) to bring the said goods into the said unit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r packaged in the said unit to be taken to any other unit in another Special Economic Zone or to Export Oriented Undertaking/ Export Processing Zone/Electronic Hardware Technology Park/ Software Technology Park units temporarily without payment of duty for,- (a) repairs, processing, testing or display and to be returned to the said unit thereafter, or (b)for the purpose of manufacture and export therefrom, subject to maintenance of proper accounts by both the receiving and the supplying units Provided that nothing contained in this clause shall apply to goods imported for repairs, reconditioning or re-engineering, and which have been so repaired reconditioned or re-engineered; (ii) permit the said goods or goods partially processed or packaged in the said unit to be taken outside the Zone without payment of duty for the purpose of test , repairs, replacement, calibration, refining, processing, display, job-work or any other processes necessary for manufacture of final product and to be retuned to the unit thereafter or remove the same without payment of duty under bond for export from job-worker's premises: Provided that in case of export from the job-worker's premises ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... play and to be returned thereafter (ii) personal carriage of gold/ silver/ platinum jewellery or precious or semi-precious stones or beads and articles as samples upto US$ 1,00,000 for export promotion tours and temporary display or sale abroad subject to the condition that the exporter would bring back such jewellery, precious or semi-precious stones or beads and articles or the sale proceeds within a period of 45 days from the date of departure through normal banking channel; (iii) export of branded jewellery for display and sale in the permitted shops or in the showroom of their distributors or agents: Provided that items not sold abroad within a period of 180 days shall be re-imported within 45 days from the expiry of such period; (iv) the unit engaged in gem and jewellery to remove parts and tools of machines temporarily without payment of duty for the purpose of their repair and return thereof. (10) Subject to the satisfaction of the Assistant Commissioner of Customs or Deputy Commissioner of Customs, duty shall not be leviable in respect of- (i) the said goods (including capital goods) or goods manufactured, processed or packaged in the said unit, if such goods ar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d goods: Provided further that where the goods have been imported for repairing, reconditioning or re-engineering and export thereof, such goods shall not be allowed after repairs, reconditioning or re-engineering, to be cleared in the Domestic Tariff Area: Provided also that where the goods have been imported as scrap, waste and remnants such goods shall not be allowed to be sold in Domestic Tariff Area. 4. Notwithstanding anything contained in this notification, the said unit engaged in trading shall be allowed to clear the said goods in the Domestic Tariff Area without payment of duty, if such clearance is against Advance Licence or special duty free entitlement as per the provisions of the Export and import Policy or to other Special Economic Zone/Export Oriented Undertaking/Export Processing Zone /Electronic Hardware Technology Park /Software Technology Park units. 5. Without prejudice to any other provision contained in this notification, the Assistant Commissioner of Customs or Deputy Commissioner of Customs may, subject to such conditions and limitations as he may deem fit to impose under the circumstances of the case for the proper safeguard of revenue interest and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cheme, the nominated agencies shall deposit duty on the quantity of the gold or silver not contained in the jewellery exported at the rate of duty leviable on the gold as provided in the notification of the Government of India in the Ministry of Finance No. 80/97 -Customs, dated the 21st October, 1997 within seven days of the expiry of the period within which the said jewellery manufactured out of the said gold was required to be exported. Explanation.- For the purpose of this notification - (a) "Export and Import Policy " means the Export and Import Policy, 1997- 2002, published by the Government of India in the Ministry of Commerce vide notification No.1(RE-99)/1997-2002, dated 31st March, 2000, as amended from time to time; (b) "Export Oriented Unit" means a Hundred Percent Export Oriented Unit as approved by the Board of Approvals appointed by the notification of the Government of India in the Ministry of Industry, Department of Industrial Policy and Promotion or the Development Commissioner concerned; (c) "Export Processing Zone" means the Export Processing Zone as notified by the notification of the Government of India in the Ministry of Finance (Department of Revenue) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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