Gold/Silver - Effective rates of duty - Notification No. 117/94-Cus. amended - 156/95 - Customs -Tariff

Gold/Silver - Effective rates of duty - Notification No. 117/94-Cus. amended Notification No. 156/95-Cus. Dated 1-11-1995 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 interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 117/94-Customs, dated the 27th April, 1994, namely :- In the said notification, for the Table annexed thereto, the following Table and Explanation shall be substituted, namely :- "TABLE S. No. Description of goods Rate (1) (2) (3) 1. Gold in any form including liquid gold Rs. 220 per 10 grams 2. Silver in any form Rs. 500 per kilogram Explanation. - For the purposes of this notification, the expression `Gold in any form including liquid gold' and `Silver in any form' include medallions, coins and jewellery made of gold or silver, as the case may be (except the foreign currency coins and jewellery studded with stones or pearls)."