TMI BlogThis notification exempts goods used within special economic zone from basic Customs duty and Additional duty.X X X X Extracts X X X X X X X X Extracts X X X X ..... e appointed or licensed, as the case may be, under section 57 or section 58 of the said Customs Act for the purposes of manufacture of goods, services, production, processing, assembling, trading, repair, reconditioning, re-engineering, packaging or in connection therewith and export thereof ( hereinafter referred to as the said purpose) by a unit ( hereinafter referred 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 executes a bond in the form specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs, binding himself - 3. to bring the said goods into the said unit in the Zone and use them for the said purpose; 4. to dispose of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Deputy Commissioner of Customs may, subject to such conditions and limitations as may be imposed by him and subject to the provisions of the Export and Import Policy - i. permit the said goods or goods manufactured, produced, processed, partially processed or packaged in the said unit to be taken to any other unit in another Special Economic Zone or to Export Oriented Undertaking or Export Processing Zone or Electronic Hardware Technology Park or Software Technology Park units temporarily without payment of duty - a. for 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 supplying units; (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 process necessary for manufacture of final product and to be returned to the unit thereafter or remove the same without payment of duty under bond for export from job-worker's pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... payment of duty for the purpose of display and to be returned thereafter; for personal carriage of gold jewellery or silver jewellery or platinum jewellery or precious stones 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 stones or semi-precious stones or beads and articles or the sale proceeds within a period of forty-five days from the date of departure through normal banking channel; to export Jewellery including branded jewellery for display and sale in the permitted shops set up abroad, or in the showroom of its distributors or agents: Provided that items not sold abroad within a period of one hundred and eighty days from the date of their export shall be re-imported within a period of forty-five days from the date of expiry of such period; to remove parts and tools of machines temporarily into Domestic Tariff Area without payment of duty for the purpose of repairs and return thereof after such repairs; to remove moulds, tools, patterns and drawing to the premises of the sub-contractors for jobwork ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ufactured or produced out of the said goods (including rejects, waste, scrap and remnants arising in the course of production, manufacture, processing or packaging of such articles and re-usable containers, cones, bobbins) into Domestic Tariff Area on payment of duty: Provided that where such finished goods (including rejects, waste and scrap and remnants) are not excisable, customs duty equal in amount to that leviable on the inputs imported under this notification and used for the purpose of manufacture of such finished goods, which would have been paid but for the exemption under this notification shall be payable at the time of clearance of such finished goods: Provided further that services shall be allowed to be rendered by the said unit in the Domestic Tariff Area subject to achievement of the said positive NFEP as stipulated in the Export and Import Policy. 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 Poli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e as may be specified by the Assistant Commissioner of Customs or Deputy Commissioner of Customs is followed by such jewellery unit; and b. the conditions stipulated in paragraph 1 are complied with by such jewellery unit. Provided further that in the event of the unit engaged in gem and jewellery unit to whom the silver, gold and platinum has been supplied, fails to export the jewellery made out of such silver or gold or platinum within the time specified in the Export and Import Policy under the respective scheme, the nominated agencies shall deposit duty on the quantity of the silver, gold or platinum as the case may be, not contained in the jewellery exported at the rate of duty leviable on the silver or gold or platinum as provided in the notification of the Government of India in the Ministry of Finance No. 80/97-Customs, dated the 21 st October, 1997 within seven days of the expiry of the period within which the said jewellery manufactured out of the said silver or gold or platinum 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 Go ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
