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Customs - Highlights / Catch Notes

Home Highlights April 2024 Year 2024 This

Classification - Imported goods from Korea - "gold coins (other ...

Customs

April 13, 2024

Classification - Imported goods from Korea - "gold coins (other than legal tenders)" - The Appellate Tribunal concluded that the gold coins, being articles crafted from precious metal, are appropriately classified under CTH 7114 as articles of gold. - After considering the Comprehensive Economic Partnership Agreement between India and South Korea, along with relevant import policies and circulars, the Tribunal determined that the imported gold coins were not subject to any prohibition or restriction. Therefore, the appellant was entitled to exemption from customs duty under the applicable notifications.

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