Gem and Jewellery - Imports of special items for export - Amendment to Notification Nos. 3/88-Cus, 277/90-Cus., and 177/94-Cus. - 76/97 - Customs -Tariff

Gem and Jewellery - Imports of special items for export - Amendment to Notification Nos. 3/88-Cus, 277/90-Cus., and 177/94-Cus. Notification No. 76/97-Cus. Dated 14-10-1997 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government being satisfied that it is necessary in the public interst so to do, hereby directs that each of the notifications of the Government of India, in the Ministry of Finance (Department of Revenue) specified in coloum (2) of the Table hereto annexed shall be amended or further amended, as the case may be, in the manner specified in the corresponding entry in coloumn (3) of the said Table. TABLE S.No. Notification No. and date Amendment 1. 3/88-Cus. dated the 14th January, 1988 (i) In condition (xi) for the second proviso, the following shall be substituted, namely :- "Provided further that the plain jewellery up to 10% of the value of export of the preceding year by the unit may be allowed celarance into the domestic tariff area by the Development Commissioner if the recipient furnishes a freely transferable special import licence for clearance of such items from EOU/EPZ and agrees to pay the applicable duties either from his EEFC account or from the EEFC account of the said EOU/EPZ unit in free foreign exchange." (ii) In condition (xvii) for the clause (b), the following shall be substituted, namely :- "(b) permit re-export of imported goods and export of domestically procured goods including goods generated out of the partial processing/manufacture from such goods, (c) permit supply of unsuitable rough diamonds and precious stones up to 5% of value of imported or indigenously procured rough diamonds and precious stones to the holders of valid REP/Diamond Imprest License on payment of appropriate duty." 2. 277/90-Cus., dated the 12th December, 1990 (i) In condition (xii), for the second proviso, the following shall be substituted, namely :- "Provided further that the plain jewellery up to 10% of the value of export of the preceding year, by the unit may be allowed clearance into the Domestic Tariff Area by the Development Commissioner if the recipient furnishes freely transferable Special Import Licence for clearance of such items from EOU/EPZ and agrees to pay the applicable duties from his EEFC account or from the EEFC account of the said EOU/EPZ unit in free foreign exchange." (ii) After condition (xv) the following shall be inserted namely :- "(xvi) the Assistant Commissioner of Customs may subject to such conditions and limitations as may be imposed by him and subject to provisions of the Export and Import Policy 1 April, 1997 - 31 March, 2002 - (a) permit re-export of imported goods and export of domestically procured goods including goods generated out of partial processing/manufacture from such goods; (b) Permit supply of unsuitable rough diamonds and precious stones up to 5% of value of imported or indigenously procured rough diamonds and precious stones to the holders of valid REP Diamonds Imprest Licence on payment of appropriate duty." 3. 177/94-Cus., dated the 21st October, 1994 (i) In condition (7), for clause (ii) the following shall be substituted, namely :- "(ii) Permit re-export of imported goods and export of domestically procured goods including goods generated out of partial processing/manufacture from such goods; (iii) Permit supply of unsuitable rough diamonds and precious stones up to 5% of value of imported or indigenously procured rough diamonds and precious stones to the holders of valid REP/Diamond Imprest Licence, on payment of appropriate duty." (ii) In condition (8) for the third proviso, the following shall be substituted namely :- "Provided also that plain jewellery up to 10% of the value of export of the preceding year, by the unit may be allowed clearance into the domestic tariff area by the Development Commissioner if the recipient furnishes a freely transferable Special Import Licence for clearance of such items from EOU/EPZ and agrees to pay applicable duties either from his EEFC account or from the EEFC account of the said EOU/EPZ unit in free foreign exchange."